Written by Michael Palomba
On Tuesday, we published an article on the opposition to Proposition 15 and how industry-harming policies are driving businesses out of the state. Later that same day, The Daily Wire has announced that they are relocating their headquarters from Los Angeles to Nashville, Tennessee.
If you’re not familiar with The Daily Wire, they are “one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment.” It was started by conservative icon Ben Shapiro, Jeremy Boreing, and Caleb Robinson back in 2015. Since then they have seen unprecedented growth, dominating the social media and podcast landscape.
Between podcast hosts Ben Shapiro, Michael Knowles, Andrew Klavan, and Matt Walsh, The Daily Wire is arguably the largest and most influential conservative media outlet. Between this star-studded team and the hundreds of millions of page views the site receives each month, The Daily Wire has become an enormous force.
Boreing said that the move was being made due to a declining quality of life in Los Angeles, including high housing costs and homelessness.
Their business operations include over 75 jobs, which are all being moved to Nashville as well. As of now, around 80% of their employees will be making the move with the company. So not only is California losing The Daily Wire and all the tax revenue they generate, but the state is also losing dozens of quality jobs, tax-paying residents, and their families as well.
This trend is nothing new and likely to continue as Democrat lawmakers pursue legislation that is detrimental to businesses in an effort to bring in more tax revenue. Proposition 15, one of the latest examples of awful policy, would strip commercial properties across the state of their Prop 13 property tax protections. If Prop 15 is approved by voters this November, business owners would be faced with potentially the single largest tax increase in California history, leaving many with no choice but to leave.