Thursday, February 16, 2017

Chocolate Crunch

Nestle quits California:
According to an op-ed from IBD’s Terry Jones, Nestle was lured from Glendale, California, to Rosslyn, Virginia, through tax incentives worth $16 million. But the tax incentive played only a part in the decision by the chocolate company to relocate:

[A]part from having higher taxes, absurd housing costs and more regulations than nearly any other state, California’s wacky laws have turned the Golden State into a venue of choice for activist groups to file costly class action lawsuits — or to launch anti-corporate PR campaigns against big, wealthy targets like Nestle.

In recent years, Nestle has faced two such activist-led actions, both spurious: One involves allegations that Nestle improperly documented its anti-slave-labor policies. Not that it employed slave labor, it just didn’t document it online.

Corporate harassment has become the norm in a state where, writes Jones, “top officials and local politicians — virtually all of them far-left progressive Democrats — actively despise capitalism.”
They'd rather enslave people to the welfare state...

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