The exodus out of the Golden State continues with Nestle USA being the latest business to pack up its operation in Glendale, California and relocate in business-friendly Rosslyn, Virginia as a means to escape the grasp of anti-capitalist lawmakers and activists.
Between 2008 and 2015, nearly 1,700 companies moved out of California, including Toyota USA, which shifted its headquarters and several thousand jobs from Torrance, California to Dallas, Texas. Occidental Petroleum relocated from the state to Houston, Texas, while Honda and Hyundai relocated their headquarters and workers to the southeast.
In the years between 2004 and 2013, over one million California residents left, taking their $26 billion in taxes with them.
At this rate, there will be no need for a "Calexit" vote.