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Can California continue to raise taxes infinitely?
For years, if not decades, California has been the highest-tax state in the US. I live in California and have no plans to move – I love it here!
However, as documented in
https://www.nbcbayarea.com/news/local/san-francisco/sf-population-likely-in-decline-due-to-pandemic/2377937/
San Francisco is suffering through a tremendous decline in revenue, brought on by mass emigration. Undoubtedly, some of the fleeing residents are still in California; while some have taken the opportunity to move to significantly lower-tax neighboring states like Nevada and Washington, or somewhat lower tax states like Oregon and Arizona.
The emigration raises a question: how much extra will residents pay for better weather?
At what point does a resident (of a state, or a country) say: “FUCK IT! I am leaving”?
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