You do not want to own a business in California. Instead locate in Florida or Texas, to name two obvious destinations. The California math simply does not work. And the rat-race lifestyle is strictly for the self-deceived. Here Victor Davis Hanson, writing at National Review, rolls out the depressing details. How truly discouraging for Californians.
Among the movers and shakers in Silicon Valley, there is no apparent inclination to insist on having their gadgets manufactured here in America to provide jobs for the unemployed. But Silicon Valley zillionaires apparently support President Obama’s efforts to raise taxes, grow government, and provide more entitlements and services — at least if their inordinate donations to his two campaigns are any indication.
In fact, companies like Apple and Google have sought to avoid billions of dollars in taxes on overseas profits, and have liberally used offshore tax havens to lower tax liability in a manner that we are supposed to associate with less hip, more old-fashioned corporations. “Google as tax cheat” seems an oxymoron.
Cool is at the heart of the Silicon Valley. It is the lubricant that oils all the grinding contradictions. With the right zip code and the million-dollar-plus mortgage, perhaps you really are not living in a tiny, half-century-old bungalow. Mouthing diversity shibboleths means that you are not a white-flighter from the public schools. Techies don’t really offshore their profits or connive to avoid tax liabilities. Wearing loafers, jeans, and an earring or a slightly exposed tattoo means stock options and hedge funds don’t quite option or hedge.
California is the epicenter of the new regressive progressive — a novel sort of hyper-reactionary but hip 1 percenter who shakes his fist at his image in the mirror.