New data shows that nearly half of all Californians think they’re paying too much in taxes. It’s worth keeping in mind that the state already has a $21 billion dollar surplus—and Gov. Gavin Newsom is advocating for even more taxes.
Now, the number of people moving away from the high-tax state outnumbers the amount of people who are moving in.
Though many well-off people call California home, there is a great wealth disparity and the state boasts the highest poverty rate in the country. People are fleeing high-tax states like California and moving to places where they are able to keep more of their own money and have a greater degree of autonomy over their finances.
In short, people are voting with their feet. Let’s hope California’s legislators notice before it’s too late.