Lee Ohanian – California Globe

Stick a Fork in California: Gov. Newsom’s Proposed Retroactive Billionaire Tax

November 24, 2025 2:45 amNovember 25, 2025 1:42 pm

California Governor Gavin Newsom is pushing a retroactive billionaire tax targeting the roughly 220 billionaires residing in California in 2025, ignoring that these individuals are the most financially mobile and can live anywhere. Expecting them to remain in the state...

California Business Exodus For Friendlier States Continues

January 29, 2024 12:06 pmJanuary 29, 2024 12:06 pm

Most Californians know why California businesses are fleeing the once-Golden State in droves. Small, medium and large businesses are packing up and moving to business friendlier states for lower taxes, fewer regulations, and affordable housing for their employees. And they...

Will SF Bay Area Voters Make the Politicians They Elected Pay for Crime Explosion?

September 27, 2023 8:35 amSeptember 27, 2023 8:39 am

Will Bay Area residents and business owners realize the politicians they voted in are responsible for the staggering crime they are now protesting? Target just announced it is closing its Bay Area stores. Walgreens has closed at least 11 stores...

Why Did 352 California Companies Flee to Other States in Three Years?

May 29, 2023 9:03 amMay 30, 2023 8:03 am

Why are California businesses fleeing the once-Golden State in droves? Several articles this week answer that quite clearly. “These exits negatively impact the state and particularly the local communities that lose these headquarters. Employees also leave, reducing demand within their...

Wealth Tax California Style: Tax ‘Avoidance’ Will Not Be Allowed

December 21, 2020 8:12 am

Tesla founder Elon Musk recently left California for Texas after warning Gov. Gavin Newsom of his intensions, to which Newsom responded: Meh. Many other business owners before and after Musk have also fled the state’s high taxes and business-interfering regulations,...

Tesla’s Elon Musk Leaving the Golden State for the No Income Tax State

December 6, 2020 8:58 amDecember 7, 2020 8:54 am

It was only in May when Tesla CEO Elon Musk threatened to move both the company headquarters and production facilities to Texas or Nevada if they were not allowed to reopen as soon as possible, as California Globe reported. Then Musk...

Californiaʼs Assault on the Commercial Real Estate Industry

September 10, 2020 3:14 pmSeptember 12, 2020 8:34 am

A long-time commercial California real estate broker told the Globe he recently sold a California property for a client, but the client wanted to exchange into other properties, but with conditions: 1. Not inCalifornia. 2. Not a property with anything...