Actor Scott Baio is leaving California, selling $3.85 million mansion — and pulls no punches explaining why



Actor Scott Baio, best known for his role on "Happy Days," announced that he is leaving California.

Baio explained on social media that he will leave California over the ongoing epidemic of homelessness and crime in Los Angeles, which is driving up prices and diminishing public safety.

"After 45 years, I'm making my way to finally 'exit stage right' from California," Baio announced on Twitter.

He cited data gathered by the Los Angeles Homeless Services Authority showing that there were nearly 70,000 homeless people in Los Angeles County in a survey taken last year. The same survey showed there were more than 40,000 homeless people living in the Los Angeles city limits. It is the largest homeless population in the country.

\u201cAfter 45 years, I\u2019m making my way to finally \u201cexit stage right\u201d from California. \n\n\u201cThe most recent survey conducted by the Los Angeles Homeless Services Authority found approximately 69,000 people experiencing homelessness in L.A. County and 41,000 in the city in 2022.\u201d\u201d
— Scott Baio (@Scott Baio) 1683125477

"This brings down property value," Baio said of the homeless problem. "Also no consequences for crime that is rampant, making things higher in price and it’s just not a safe place anymore."

Meanwhile, Los Angeles battled growing crime problems in 2022. From USA Today:

Los Angeles saw an 11% increase in its overall crime rate in 2022, with 60 reported crimes per 1,000 residents last year compared with 54 per 1,000 residents in 2019. The data includes both violent crimes, defined by the Federal Bureau of Investigation to include rape, robberies, armed assault and homicide, as well as property crimes, such as burglary, arson and vehicle theft.

It seems certain that Baio will make good on his promise to leave Los Angeles.

Last month, Baio listed his property located in Woodland Hills, an L.A. neighborhood, for $3.85 million. He purchased the five-bedroom, 4.5-bathroom home for $1.85 million in 2010.

Anything else?

California is experiencing a problem with residents moving out of the state.

Between April 2020 and July 2022, for example, more than 500,000 residents left, including high-profile celebrities like Mark Wahlberg, Joe Rogan, and Matthew McConaughey, among others.

High taxes, crime problems, the homelessness epidemic, and government restrictions, especially those enacted during the COVID-19 pandemic, are the primary reasons why people are leaving California.

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New Jersey governor pitches liberal values, high costs as selling point for businesses



New Jersey Gov. Phil Murphy (D) is making an odd pitch to lure businesses to The Garden State.

Whereas states like Texas and Florida appeal to their low taxes, minimal regulation, and expansive freedoms, Murphy is appealing to liberal values to motivate businesses to move their corporations and employees to New Jersey.

What are the details?

Murphy — a one-term governor running for re-election — claimed in an interview this week that "highly-skilled employees at film, digital and other companies want to live in states with progressive stances on abortion, voting rights and gun control," Bloomberg News reported.

"If your business model includes high value-added, highly skilled workforce, we're on your list," Murphy told Bloomberg News. "We are not going to be the low-cost state to live or work in."

In fact, contrary to conventional wisdom, Murphy said some companies are moving to New Jersey because of liberal values.

More from Bloomberg News:

Despite the high taxes, the governor said film and tech companies are coming to New Jersey because of its talent and location. Three years after reinstating a production tax-credit program, a record number of films and TV shows are being filmed in New Jersey, according to Murphy's administration. Another example: Fiserv Inc. chose his state over Georgia as the fintech company adds 2,000 jobs and builds a new hub in suburban New Jersey.

"Before I got here, Georgia had become the East Coast film capital," Murphy said. "That is now being challenged, mostly by us."

Murphy even invoked Tesla, which is moving its company headquarters from California to Texas.

"I don't know what the employees of Tesla are gonna say to Elon Musk, but that's a move that surprised me," Murphy told Bloomberg News.

Anything else?

While Murphy thinks he can appeal to liberal values to sell New Jersey, the state has hemorrhaged more residents than any other U.S. state in recent years.

"Last year, more residents were moving out of New Jersey than into the state, as 70% of moves were outbound, according [to] the 2020 National Migration Study by United Van Lines. This is the third consecutive year New Jersey has been ranked the top state for outbound moves," New Jersey Business magazine reported.

Most people who leave New Jersey are doing so because of high taxes and high cost of living. However, the same survey found that more people moved to New Jersey for work-related reasons than left for work-related reasons.

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Report: Goldman Sachs explores moving key operation from NYC to Florida, where taxes are low, to save money



Goldman Sachs, the investment bank behemoth that controls nearly $2 trillion of assets, has reportedly explored shifting some of its key operations out of Manhattan, which has one of the highest costs of living in the world and is one of the most taxed places in the United States.

According to Bloomberg News, Goldman is eyeing south Florida — in the area north of Miami, such as Fort Lauderdale and Palm Beach — as the new base of its asset management division.

Sources told Bloomberg News that executives have been scouting out potential office space and talking to local officials about the benefits of moving one of Goldman's major operations to the area, including the tax and lifestyle advantages, which are attractive to the business and employees.

In fact, moving one of its top operations to Florida could save Goldman hundreds of millions of dollars, or more, per year, considering the amount of money the bank generates.

More from Bloomberg News:

Inside Goldman, sentimental attachment to the city where it rose to prominence is taking a back seat to the company's ambitious target unveiled early this year to cut $1.3 billion in costs, in part by shifting employees to cheaper locales. It's unclear how many people could eventually go to Florida. In the last decade, Goldman has incrementally expanded offices in places like Dallas and Salt Lake City to thousands of jobs in an effort to trim expenses. The virus has cemented its resolve to accelerate that shift.
...
The firm's newly reconfigured asset-management division pulls in about $8 billion in annual revenue and is a critical pillar of Goldman's plans to diversify its ways of making money. A decision to create a central location for the business in Florida would not only include back-office staff but also some investment professionals, two of the people said. The shift would be carried out over time.

What did Goldman Sachs say?

In a statement provided to Bloomberg News, the bank played coy.

"We are executing on the strategy of locating more jobs in high-value locations throughout the U.S., but we have no specific plans to announce at this time," a spokesman for the bank said.

Anything else?

Goldman Sachs is not the only company exploring a reprieve on taxes, regulations, and cost of living.

According to CNBC, billionaire Elon Musk has told "several of his close friends and associates" that he plans to move to Texas from California. Musk, the world's second richest person, has denounced Democrat-imposed regulations and high taxes.

Earlier this year, in response to COVID-related restrictions, Musk threatened to move Tesla's headquarters from Palo Alto to Texas or Nevada.

Billionaire bond manager hints at joining exodus out of California over Democrat proposal to increase taxes



A famous billionaire bond fund manager says he is considering following the "smart people" who are leaving California in order to escape high taxes, including a new proposal by Democrats.

Jeffrey Gundlach is believed to be worth $2.2 billion, and he manages a hedge fund with assets adding up to $123 billion.

On Saturday, he hinted that he would leave California and take his money to less taxing lands.

"Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance. The 'response' from Sacramento? Wealth and massive income tax increases on job creators (AKA 'the wealthy')," Gundlach tweeted.

Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance.… https://t.co/Gsqz3GzHIZ
— Jeffrey Gundlach (@Jeffrey Gundlach)1601163897.0

"Should I align with 3 smart guys, or Sacramento? Hmmm," he added.

Democrats in California have proposed increasing the tax rate on the highest earners from 13.3% to 16.6%.

Joe Rogan, the massively popular podcast host, railed against the poor governance in California and announced that he was moving to Texas in order to escape the high taxes, homelessness, and population density in the state.

Ben Shapiro made a similar announcement that he would be moving his Daily Wire news business and its 75 employees from California to Nashville, Tennessee.

"I love the state, grew up in the state, married in the state and have had children in the state," he said on Fox News. "We're out."

In May, Elon Musk criticized the local California government for what he thought were draconian measures against the coronavirus pandemic. He said that he was closing up his Tesla headquarters and moving it to Texas or Nevada.

A study from 2018 said that nearly 700,000 Californians left the state for greener pastures. More of them left for Texas than any other state, with Nevada, Arizona, and Washington among the other top destinations for California refugees.

"I'm sorry," said Shapiro of California. "That is not a great place to raise children and not a great place to build a company."

Here's more about the exodus out of California:

Fleeing Californiawww.youtube.com

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