Are Billionaires Fleeing California — Or Is This Just the Sound of Incentives Working?
“Tax wealth if you want — but remember, money doesn’t argue with policy. It packs its bags, hires a lawyer, and moves to where the math makes sense.” –YNOT! Let’s be honest. Nobody packs up a billion dollars in a U-Haul because of the weather. When a billionaire relocates, it’s not about palm trees versus redwoods. It’s about math. It’s about incentives. And incentives don’t care about political speeches. California built an economic empire on innovation, capital gains, and the promise that if you create something extraordinary, you can keep enough of it to make it worth the risk. … Continue readingAre Billionaires Fleeing California — Or Is This Just the Sound of Incentives Working?