High taxes be damned, the rich keep moving to California

[Zorro]

Are rich people fleeing California to escape astronomical state income taxes? That’s the word. But it’s fake news.

In fact, more wealthy people are moving to California than leaving, research indicates. It’s the poor and middle class who are departing.

It makes sense. If you’re getting rich in California and can afford to live comfortably here in this balmy climate, there’s little incentive to leave — except to stick it to the tax collector in Sacramento.

“If you’ve got your business here and you’re making money, it’s hard to leave,” says Allan Zaremberg, president of the California Chamber of Commerce.

https://www.latimes.com/politics/la-pol-sac-skelton-income-tax-california-wealthy-20190311-story.html

[Wellstone ruled]

1. So darn true.

[monmouth4]

2. I hope they are all Democrats. Let's keep CA Blue! n/t

[fescuerescue]

3. Why are the poor and middle class leaving?

at least according to the article.

Seems like they would benefit the most from a healthy safety net.