Careful framing of the purported “myth” is critical: > For one, while residents are moving out of state, they are not doing so at "unusual rates." Similarly, the research found no evidence of "millionaire flight" from California and notes that the state continues to attract as much venture capital as all other U.S. states combined, despite the recent exodus of Hewlett-Packard and Oracle. Who is saying California is u…
> Who is saying California is unattractive for rich people and venture capital? One potential source: this is a popular conservative talking point about the dangers of liberal government, and the "exodus" is often used as evidence to justify those talking points. "See, just look at California, they implemented , and everyone is leaving the state". This kind of viewpoint is rampant on places like /r/conservative, and…
The thrust of the argument is that what made California great was that it was a great place to move and raise kids in the suburbs with lots of opportunities. The changes in California are hitting those people the hardest. And those people are in fact leaving: https://www.mercurynews.com/2020/01/09/not-the-golden-state-...
The fact that California continues to be a great destination for young single engineers, venture capitalists, and H-1B workers for whom working at a California tech company is a ticket to staying in the US at all, isn’t responsive to that argument.