The Continuing Exodus of Jobs – and Taxable Income – from California

“I wish I could be a fly on the wall when this moment of truth happens to California politicians. They convinced voters in the state to enact Prop 30, a huge tax increase targeting those evil, awful, bad rich people.  Governor Brown and his fellow kleptocrats in Sacramento doubtlessly are salivating at the thought of more money to waste.  But notwithstanding a satirical suggestion from Walter Williams, there aren’t guard towers and barbed-wire fences surrounding the state. Productive people can leave, and that’s happening every day. And they take their taxable income with them.”

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