To everyone wanting to dance on CA’s grave, you’ll have to wait.
It turns out:
❌There was no mass exodus
❌Californians largely moved to other parts of CA
❌Bay Area folks largely moved to other parts of Bay Area
❌There was no exodus of the wealthy
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Don't rely on flawed studies. Take a look at exodus of net worth and tax base. Many billionaires, paper billionaires, future billionaires, investors, entrepreneurs & knowledge workers have bailed. '20 tax income distorted by fake gains on RSUs from inflation-driven stock pumps.