To the editor: The Los Angeles Occasions does L.A. and California readers a disservice in lauding every optimistic financial information story as proof of our “enduring attraction” as a spot to do enterprise (“Billionaire exodus? California drew 10 times more venture capital than any other state this year,” July 10). I communicate with employers on daily basis and it’s clear hyper-regulation in California is, as former gubernatorial candidate and San José Mayor Matt Mahan asserted, driving up prices, pushing out jobs and limiting alternative. However this message didn’t resonate with voters, partially, as a result of The Occasions steadily characterizes efforts to rationalize enterprise regulation as assist for billionaires and Republicans.
High expertise and nice climate are why California continues to draw funding. A good friend and enterprise proprietor just lately quipped, “At the very least our authorities can’t spoil the climate.” If we proceed to punish buyers and companies with over-regulation and over-taxation (just like the billionaire tax), the optimistic financial information tales for L.A. and California will likely be few and much between.
Bernie Resser, Los Angeles
