The California Exodus has been going on for years. It taking with it the highest wage earners and has turned the states surplus into a deficit!

The out of state migration from California has turned into a mass migration. Hundreds of thousands of people have left in just the last couple of years. In addition, the majority of those leaving are now individuals that make OVER $200k a year!

What got us here

If polls are to be believed… and I see no reason to doubt them … burdensome taxes and over-regulation are the main issues.

More of the same

As the California Exodus is fueled by higher taxes and increasingly dominant over-regulation, those in charge seem to think that more of the same is the solution. Spoiler alert – its not.

Links:

https://youtu.be/8HGVxdMmFJk

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

https://www.thepaystubs.com/blog/tax/californias-exit-tax

https://reformcalifornia.org/campaigns/stop-the-mileage-tax