A not-so-subtle war against certain industries and people highlights a dangerous turn in our economic landscape. Kenny Rogers’s famous lyrics from “The Gambler” offer more than just a catchy tune — they provide timely wisdom: “You’ve got to know when to hold ’em, know when to fold ’em, / Know when to walk away, know when to run.” This month’s ruling in the Delaware Court of Chancery offers another in a long list of reasons that blue states are increasingly unsafe homes for America’s corporations. It might be time for corporations to walk away from blue states.
For over a decade, we’ve seen a steady exodus of corporations from states such as California and New York to more business-friendly alternatives, and we’ve seen high-profile companies such as Tesla and Tripadvisor recently make the decision to transition incorporation jurisdiction away from Delaware.
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