Colorado, a state long known for its frontier spirit and low taxes, is now in danger of following the same blue-state model that has businesses and population moving out of states like California, New York, and Illinois.
For the better part of two decades, the Colorado legislature has been dominated by “woke” activists who have allowed taxes and homelessness to soar. Since 2022, the state has seen a net loss of 34 public company headquarters as they escaped its new anti-business climate. The latest is the high-tech firm Palantir, which has packed up and gone to Miami.
Over 230 business and technology leaders have signed a letter calling on the state’s overwhelmingly Democratic leadership to improve the tax and regulatory climate. Its signers warn that “the direction we are heading threatens the long-term prosperity of the people who call Colorado home.”
But before they released it, the signers had a surprise request to sign on to it from none other than Democratic Governor Jared Polis.
Polis is one of the few remaining Democratic governors worried about the “blue state disease.” We’d hate to see Colorado go the direction of California and New York.
Dan Caruso, a Boulder entrepreneur who has built a billion dollar company and initiated the letter, says “If Boulder starts looking like Chicago” he is worried the state will be telling businesses: “you’re welcome to move elsewhere.”
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