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California lost 5.2% of its businesses in 2012

(FrontPage Magazine) The good news is that California still lost less businesses than Massachusetts, the “You Didn’t Build That State” and the Soviet Union. The bad news is that it’s hard to fund a giant welfare state when all the businesses have moved to Texas. And even Canada.

Every now and then, one state governor or another will head to California to pitch businesses on leaving the Golden State. Canada’s immigration chief has been trying his luck, too

You know things are bad when Canada is poaching your businesses by promising a friendlier free enterprise environment.