California has had a problem ever since Gov. Ronald Reagan left office.
Today, taxes are sky high in the Golden State.
Now, wealthy people are leaving.
From Sac Bee:
The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state’s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas?
Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents.
But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state’s Democrats suddenly are singing the GOP song about a potential millionaire exodus.
More from San Diego Union-Tribune:
1 million residents, gone
Between 2007 and 2016, some 5 million people moved in to California and 6 million people moved out to other states — a net loss of about 1 million residents, the report relayed.
The graph below explains the fluctuations in migration over the years.
Get it together, California.
Being a sanctuary state is bad enough!