Source item
Open original source ↗This is because California’s state and local politicians have completely broken LA and the state in general.
It is increasingly untenable to do business:
- Too many permits
- Too many laws
- Too much overreach
- Too many delays
- Too many taxes
It’s killed Hollywood and it’s coming for Silicon Valley next.
The difference is that Silicon Valley can move. Hollywood just sat by while the government and party they blindly supported gutted their industry.
We won’t.
Quoted context
These are the quoted author’s words.
L.A.’s entertainment economy is spiraling downward: Work is evaporating, businesses are closing, and the city’s creative middle class is hanging on by a thread. https://t.co/v0yLs3cuk2
WSJ ↗