{"id":394774,"date":"2026-07-11T15:26:48","date_gmt":"2026-07-11T15:26:48","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/394774\/"},"modified":"2026-07-11T15:26:48","modified_gmt":"2026-07-11T15:26:48","slug":"well-have-less-positive-economic-news-if-we-punish-investors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/394774\/","title":{"rendered":"We\u2019ll have less positive economic news if we punish investors"},"content":{"rendered":"\n

To the editor: The Los Angeles Times does L.A. and California readers a disservice in lauding each positive economic news story as proof of our \u201cenduring attraction\u201d as a place to do business (\u201cBillionaire exodus? California drew 10 times more venture capital than any other state this year,\u201d<\/a> July 10). I speak with employers every day and it is clear hyper-regulation in California is, as former gubernatorial candidate and San Jos\u00e9 Mayor Matt Mahan asserted<\/a>, driving up costs, pushing out jobs and limiting opportunity. But this message did not resonate with voters, in part, because The Times frequently characterizes efforts to rationalize business regulation as support for billionaires and Republicans.<\/p>\n

Top talent and great weather are why California continues to attract investment. A friend and business owner recently quipped, \u201cAt least our government can\u2019t ruin the weather.\u201d If we continue to punish investors and businesses with over-regulation and over-taxation (like the billionaire tax), the positive economic news stories for L.A. and California will be few and far between.<\/p>\n

Bernie Resser, Los Angeles<\/p>\n","protected":false},"excerpt":{"rendered":"To the editor: The Los Angeles Times does L.A. and California readers a disservice in lauding each positive…\n","protected":false},"author":2,"featured_media":393366,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[158240,387,21200,158738,2072,158742,158740,9472,2303,48,52,51,47,50,49,63,13049,158739,1748,4190,158741],"class_list":["post-394774","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-billionaire-exodus","tag-business","tag-business-regulation","tag-california-reader","tag-editor","tag-former-gubernatorial-candidate","tag-great-weather","tag-investor","tag-l-a","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-los-angeles-times","tag-other-state","tag-positive-economic-news","tag-republicans","tag-support","tag-top-talent"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/394774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=394774"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/394774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/393366"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=394774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=394774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=394774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}