Citing the recent closure of San Diego based pharmaceutical company Amylin by Bristol-Myers Squibb, Michael Rosen of the Union Tribune points out that even companies based in tax and regulation heavy states like New York don't want to do business in California.

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CBS News reports insurance giant MetLife Inc. is moving 2,600 jobs from offices in four Northeast states and California to North Carolina, which is offering tax and other incentives that could top $94 million.

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Todd Ganos of Forbes Magazine explains how California's Franchise Tax Board's thirst for more revenues continues to drive more businesses out of the state.

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With polls continuing to show Proposition 30 (the initiative which would make California's income taxes the highest in the country) with a steady lead, Steven Greenhut of Reason.com explains why he's beginning to lose hope in his "stand your ground" philosophy.

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Arthur B. Laffer of the Ventura County Star breaks down the reasons why business continue to flee California en masse for more business friendly states such as Texas and Arizona, specifically huge tax burdens and heavy handed regulations.

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