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The California Exodus
Manage episode 407427065 series 3560088
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California has lost hundreds of thousands of residents. Tax revenues are down. Higher income earners are increasingly leaving the state. Those losses accumulate and have increased every year since at least 2017. Today we will run down the problem, how we got here and how the state government is completely botching the way forward to not just stop this gushing loss of population, but how to reverse the trend and start to attract business and people back to the golden state.
Links:
https://www.theepochtimes.com/california-exodus-costs-the-state-29-1-billion-irs_5245911.html
https://buildremote.co/companies/companies-leaving-california/
https://calmatters.org/commentary/2023/02/budget-deficit-may-be-larger/
https://www.mercurynews.com/2023/05/12/how-newsom-solves-california-budget-that-went-from-a-97-5-billion-surplus-to-31-5-billion-deficit/
https://news.bloombergtax.com/tax-insights-and-commentary/california-wealth-and-exit-tax-shows-a-window-into-the-future
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