California has seen a mass exodus of firms from their state lately on account of ridiculously excessive taxes, burdensome rules, and the draconian lock down insurance policies of Gavin Newsom throughout Covid-19.
Are they attempting to repair any of this in an effort to retain the companies that haven’t fled? Nope. In actual fact, they’re about to make issues even worse.
California is now planning to power firms to reveal any historic ties to slavery. Is Governor Newsom conscious that California by no means even had slavery?
California set to power large firms to reveal historic hyperlinks to slavery https://t.co/mMJcYU4zzn pic.twitter.com/zYJhHndOPv
— California Publish (@californiapost) August 30, 2026
From the New York Post:
The invoice is dealing with pushback from insurance coverage firms, which argue it largely repeats an earlier California legislation requiring insurers to reveal previous insurance policies issued to slaveholders that lined the dying or damage of enslaved individuals.
New York Life Insurance coverage Firm, Aetna Life Insurance coverage Firm and American Worldwide Group, often called AIG, had been among the many firms that disclosed ties to enslaved individuals and slaveholders.
Some reparations advocates have seen the measure as a big step ahead, whereas others have questioned how a lot of an impression it could even have.
The invoice, often called Meeting Invoice 2599, would require firms with greater than $100 million in annual worldwide gross sales to go looking their information for proof that they, their predecessors or subsidiaries purchased or bought enslaved individuals or offered monetary help for these transactions, together with by way of insurance coverage or loans.
The measure would solely take impact if the Legislature units apart funding for it, a requirement added by way of late amendments.
As soon as funding is allotted, the California Civil Rights Division can be required to create a digital platform for the disclosures.
Firms are going to maintain leaving, and who can blame them?
Hey large firms in California, simply transfer to Texas. Get the heck out of the Individuals’s Republic of California.
As for Newsom, if you wish to begin forcing individuals to reveal historic hyperlinks to slavery, why do not you begin with the Democratic Social gathering? https://t.co/XZ5HXeYQKE
— Ken Gardner (@KenGardner11) August 30, 2026
Gavin ought to do that with political events… https://t.co/0awhugv3bg
— Spencer Pratt (@spencerpratt) August 30, 2026
Will the final firm to depart California please end up the lights?
Advert block customers: Some website options could not work appropriately whereas an advert blocker is enabled, as a result of they break scripts and content material this web site is dependent upon. If you cannot see feedback beneath, for instance, please disable your advert blocker.
