Economic challenges are facing a state that has an economy second only to the United States.
Businesses are transferrring elsewhere and crisis after crisis are expected. TESLA and others are moving to Texas. Silicon Valley techno firms are leaving Silicon Valley - why probably because of policies from Sacramento
Some indicators:
1. Closure of two refineries producing roughly 200,000 barrels of fuel fueled by ambition to shift to EV, non polluting technology --->> will result in higher fuel costs even sidelining airline operations, affecting the fuel of military. Since all things are systemic, the ripple effect even NY and other fuel supplies in nearby states and all of US.
They were forced out due to stiff fines due to non compliance with emission standards.
It was reported that the state subsidized the battery research and EV manufacturers with $18 billion. while just supporing rise to 1% (from 2%) of EV user The refineries were just asking relief for millions of penalty.
2. 70,000 truckers planning to stop operations -->> will affect logistics and prices of goods
Independent truckers family owned are to be treated as employers and owners are to be taxed as owners being treated as employees and employee taxes are to be imposed. Assembly No 5
a. Freedom from employer control
b. There is no negotiation. If you take freight, you are an employee
If you resist, leave the state.
3. Closure of about 400 gasoline stations. They were to be upgrading the tanks and red tape prevented
them from upgrading. Local fuel supplies are compromised
4 Closure of hundreds of retail due to shift on law on shoplifting -->> affect access to daily necessities in rural communities. Theft shoplifitng of less than $950 is misdemeanor. Retailers experience up to 5% shrinkage of inventory have no choice except to close shop
4. Closure of farms due to change on policy on irrigation and fertilizer -->> will result in loss of income of farmers and food security across USA
