Comments and links at HotAir:
As it turns out, Mickelson’s not the only sports entity looking at a Golden Gate exit. Forbes noted that one big beneficiary of Brown’s tax hike on high-end earners could be Seattle, which has been without a basketball team since 2008. Microsoft’s Steve Ballmer heads up a group bidding to purchase the Kings, who play in California’s capital Sacramento, and taxes are certainly part of that puzzle
How has California reacted to this example of free-market economics? Have they decided to lower taxes and broaden the tax base to make the business environment more inviting? Perhaps reduced the red tape that turns every expansion into a years-long project, which only takes weeks in other states? Not exactly. No, they’ve decided to go the “nice business ya have there — wouldn’t want anything to happen to it” route.