The SS California Economy - Sinking Fast
This time the cruise lines are fleeing. Two from the port of Los Angeles and one from the port of San Diego. We get this from the Contra Costa Times. Departing from San Diego for Australia……
The 2,500-passenger Carnival Spirit is moving to Australia by April 2012, the cruise line announced on its Web site, citing a “huge potential for growth” there while its San Diego business sags
Departing Los Angeles for more profitable pastures……
To the north, Royal Caribbean’s 3,100-passenger Mariner of the Seas is leaving on its final voyage from the Port of Los Angeles on Sunday and after a tour of South America. It will end up at its new home base of Galveston, Texas, the Los Angeles Times said. And the 2,348-passenger Norwegian Star will leave LA in May for Tampa, Fla.
So, what’s the financial devastation to the greentard state of California? Per the article it’s $54 million per year out the door in San Diego and while no figures were provided, you can probably safely double that in LA for another $108 million per year, making the total loss to the state $162 million a year off the top. No taxes coming in and the state will be paying out massive quantities of unemployment no doubt. If you’re a longshoreman in Los Angeles or San Diego make sure you thank a greentard for your unemployment.
While the cruise lines cite lower business and drug cartel violence in Mexico, you can probably bet grandma’s house that good old AB32 and the coming high cost of doing business in California may be the real cause of the decision or at least a larger part of it. While no one’s talking about it, you should figure in the high cost of doing business in California, which per the Tax Foundation, ranks 49th out of 50 states meaning only Rhode Island has a worse business tax climate. You can bet Florida and Texas will be better places to make a profit.
You can read the below regarding AB32 and Prop 23, which wealthy greentards like Arnold Schwarzenegger, Bill Gates, James Cameron, Al Gore and others helped to prevent passing in the last election. Per the Press Telegram…..
The California Air Resources Board and local port authorities have adopted numerous measures to curb diesel soot and carbon dioxide from ships, trucks and trains.
For example, the Air Resources Board in late 2007 adopted a plan requiring that ships turn off their auxiliary engines, use exhaust filters or plug into electrical outlets while visiting ports.
The ship plan is one of several “early action” measures designed to jumpstart AB 32.
Other threatened policies include a plan to require cleaner “low-carbon” diesel blends for trains, cargo-handling equipment and tug boats.
Well, don’t tell me that’s not all going to create an inhospitable business environment for the cruise lines. They like money and they run those ships 24x7x365. They dock in the early AM and they’re usually reloaded with food, booze and passengers by 12 Noon or so and on their way with the next cruise. I’d surmise an operation so efficient that it can restock a huge ship in a matter or hours isn’t going to want to absorb all those additional costs, especially considering the current economic environment. So, they’re voting with their feet and moving on to greener pastures. California can suck diesel fumes.
Yes Arnold, idiots at CARB and the legislature, that’s the way to bail out California! Scare everyone that pays taxes away and then sit and wonder who the hell will pay your next paycheck. Way to go dummies! And this is only the beginning. Who will be next? If Jerry Brown gets his proposed tax hike you can bet more businesses and tax paying citizens will be fighting to see who can leave the fastest!
Stay tuned. More CO2 Insanity.
Source: Contra Costa Times, Press Telegram, The Tax Foundation