California’s Business-Climate Deniers

Oracle Corporation’s headquarters in Redwood City, Calif., in 2010. (Robert Galbraith/Reuters)
Legions of entrepreneurs are fleeing the Golden State’s high taxes and suffocating regulations.

NRPLUS MEMBER ARTICLE W ith the news that yet another Silicon Valley software innovator, Oracle, is moving its headquarters and most of its employees to Texas, cynics are declaring that California should adopt a new state song: “All of My Ex’s (Executives) Live in Texas.”

Oracle joins a growing list of companies that have decamped to other states. Hewlett Packard Enterprise, descendant of one of Silicon Valley’s pioneering firms, announced it was moving its Palo Alto headquarters to Austin earlier this month.

Tesla CEO Elon Musk is also moving to Austin. He plans to build a Tesla car factory there next year.

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