Dear Editor,
This
is regarding Tesla's plans to build a large plant for manufacturing
batteries and new legislation (SB 1309) to attract the company to build
in California.
A
better idea would be, rather than giving a particular
company regulatory relief and tax reductions, instead, make this across
the board, allowing all companies to have the incentives to come to
California.
Regulatory
and tax reform is long overdue. California ranked 48 for business tax
climate according to the Tax Foundation index. CNBC ran a similar survey of business competitiveness using 51 points and California ranked 47.
Giving a favored company special privilege is
Crony Capitalism which violates free trade principles, encourages
corruption and is certainly unfair to other business that are not so
favored.
Albert J. Segalla
