The Blaze is reporting that more people are starting to flee California, blaming high taxes and government incompetence as their reasons for abandoning the state.
And, of course, we shouldn’t forget those rolling blackouts (in the midst of a heatwave) caused by the state’s green energy policies. READ: California Suffers 2nd Day of Blackouts as Wind, Solar Power Falter
The Blaze writes about the latest person to make the announcement.
Jeffrey Gundlach is believed to be worth $2.2 billion, and he manages a hedge fund with assets adding up to $123 billion.
On Saturday, he hinted that he would leave California and take his money to less taxing lands.
“Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance. The ‘response’ from Sacramento? Wealth and massive income tax increases on job creators (AKA ‘the wealthy’),” Gundlach tweeted.
Of course, Gundlach is not the first to announce he’s leaving. In early August, Joe Rogan, probably the world’s most famous podcaster, said he was leaving California. READ: Joe Rogan Abandons California Over Lockdown, High Taxes: ‘This Place Is Going To Sink’
And there are others. READ: REPORT: Rich And Famous Leaving Hollywood ‘In Droves’ Over Unrest, Taxes AND Hollywood’s Apocalypse NOW: Rich and famous are fleeing in droves as liberal politics and coronavirus turn City of Dreams into cesspit plagued by junkies and violent criminals
And the best evidence we have that people are leaving the state is that California Democrats have come up with legislation that would allow the government to tax people for ten years after they have left. READ: California Democrats Propose A Wealth Tax Which Taxes You Even After You Leave The State
Of course, the alternative would be creating a state where people actually want to stay.
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