California can’t afford to keep driving away high-earners.
It is no secret that California is losing population. Since 2010, according to the Public Policy Institute of California, 7.5 million residents have left for other states, while only 5.8 million people have done the reverse. Anecdotes abound of the rich and famous leaving the state, from Elon Musk to Mark Wahlberg. But how rapidly is the state really losing its tax base, and what are the economic costs of the actions that taxpayers are taking in response to state policies?
[Source.](https://www.city-journal.org/article/taxed-out)
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California can’t afford to keep driving away high-earners.
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It is no secret that California is losing population. Since 2010, according to the Public Policy Institute of California, 7.5 million residents have left for other states, while only 5.8 million people have done the reverse. Anecdotes abound of the rich and famous leaving the state, from Elon Musk to Mark Wahlberg. But how rapidly is the state really losing its tax base, and what are the economic costs of the actions that taxpayers are taking in response to state policies?
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