Serverfarm
Member
Good point. One would expect future pandemics, global warming events (fires), earthquakes, etc.. are becoming more frequent and states need to plan for it. Just like Disney, if CA was a business, why stay involved in high risk ventures? Disney is getting rid of deadwood, money losing aspects of its business for sure right now.My only guess is that like gas cars, Newsom views theme parks as inherently wasteful and a silly vestige of the 20th century that doesn't belong here any more.
Can anyone think of some other reason? I can't, but I'm open to suggestions.
Travel and tourism was completely disenfranchised in "this round". Sure, during the good times it makes gangbuster profits, but as a business, one may rather invest in online, virtual communication, real estate, high tech industries...all were gangbusters before and during the pandemic. Newsom likely thinking that's the model going forward--industries that can survive these events (that means consistent TAXES!). Heck the top 5 businesses on Wall St are located in CA or have a huge presence in CA. One reason why CA left casinos to Vegas (boom -n- bust industry).