California's wealth tax and ballot harvesting initiatives will cause significant founder/tech worker migration out of the state.
“I think it will, take some time. I think the people who wrote the bill want the flight to happen. I think they want people to leave. And I think the two really negative signs for California was that were this bill and then, this sort of ballot harvesting initiatives.”
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Our resolution criterion
disputableMeasurable net outflow of tech founders and high-income earners from California to other states (Texas, Florida, etc.) in 2027-2028, detectable via tax filings, business registration data, or demographic surveys.
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