California dreaming out, Florida dreaming in
Some of the 2,000 Walt Disney Company employees who are being moved from California to Florida are already eyeing up the housing market near Orlando.A good friend of this blog likes reminding people that "capital and labor are mobile." That's what's playing out here. Taxes are cheap in Florida, both for Disney and employees. As long as Democrats keep passing foolish bills that chase jobs out of the state, they'll keep losing districts. This video article puts things into perspective: What does California have that Florida doesn't have? Other than higher taxes and wierd governors, the answer is 'nothing'."They are already trickling in," Armel Real Estate owner Deanna Armel told WKMG of the Disney employees looking at homes. "I’m working with a Disney relocation right now buying in the Winter Garden area."
Disney announced in July that it would move 2,000 employees from California to Florida in part because of "Florida’s business-friendly climate," chairman of Disney Parks, Experiences and Products, Josh D’Amaro, said at the time. He added that expanding Disney in Florida "makes sense" because of its lack of state income tax among other business issues, such as collaborative efforts for the company.
The jobs will be located at a new Disney campus being built in Lake Nona, a community in Orlando. The move was set to take place over 18 months, starting in July.
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