Each US state offers its own conditions for doing business, but California is considered one of the most favorable of them.
This applies not only to Americans, but also to foreign entrepreneurs. The state has the strongest economy in the country, and the GDP averages 2.3 trillion dollars. Of the 130 largest corporations in South and North America, 20 are registered in California. Looking for a suitable staff to promote a startup?
Do you want to minimize taxes in order to invest as much as possible in development?
Do you want to hang out surrounded by celebrities?
Welcome to California! The state authorities create the most favorable conditions for business. Impressive economic prospects make California the best space in the world to create a new company. The state has a flexible taxation system and simple registration conditions. It is not surprising that California is the richest, most prestigious and famous state in the USA.
It is home to the most millionaires and billionaires in the world. The state's economy, taken separately from the USA, is the sixth in the world! Why are we writing about this? Yes, it's very simple. Money can be earned where it is. And in a poor country there is no money, and it is impossible to earn it. And what does billionaires have to do with it? How will their money help us? Very simple. The principle of the pyramid.
Every billionaire is surrounded by a dozen people who have a fortune of 500 million. Everyone with a fortune of 500 million is surrounded by dozens of people with a fortune of 100 million, around every businessman with a fortune of 100 million are dozens of those whose fortunes are 50 million, etc.
There are millions of millionaires living in California! At the same time, they and their family members have a high level of consumption, and most of their money works! They are invested in companies, stocks, funds, banks, etc. They all pay taxes and create millions of jobs. The state of California is actually a state within a state. All this creates an unprecedented system of redistribution of wealth in the world. At the same time, there are significantly more millionaires in California who have earned their millions over the past 30 years than those who inherited money.