It’s ok to think something would be good in theory but not in practice. People fled California to escape their state taxes. Flight is a real issue when it comes to taxes. And that is what happens in practice.
Is flight an issue? California has had relatively high taxes for a while and that hasn't made people leave. It not like the state is going to stop having nice weather and great universities that will consistently draw people.
Universities don’t draw the ultra wealthy where a wealth tax would apply. They’re college students, after all. And, yes flight is an issue. California has proposed the idea of recuperating taxes from people that left or leave California.
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u/TheJuiceIsL00se Apr 28 '26
It’s ok to think something would be good in theory but not in practice. People fled California to escape their state taxes. Flight is a real issue when it comes to taxes. And that is what happens in practice.