Job-Killing Governmental Regulation
Through an acquaintance I have heard how difficult it is to get new buildings constructed and permitted in the city of Los Angeles.
Now Rick Newcombe describes why his business, Creators Syndicate, is moving out of Los Angeles after the compan’s latest run-in with money-grubbing city bureaucrats. An excerpt:
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Everything was fine [after an initial legal ruling in favor of Creators Syndicate] until the city started running out of money in 2007. Suddenly, the city announced that it was going to ignore its own ruling and reclassify us in the higher tax category. Even more incredible is the fact that the new classification was to be imposed retroactively to 2004 with interest and penalties. No explanation was given for the new classification, or for the city’s decision to ignore its 1994 ruling.
Their official position is that the city is not bound by past rulings — only taxpayers are. This is why we have been forced to file a lawsuit. We will let the courts decide whether it is legal for adverse rulings to apply only to taxpayers and not to the city.
You’ll want to read the whole thing.
(Hat tip: Michelle Malkin.)
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