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by primrose
2102 days ago
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Here's a rich dude named Peter Schiff: https://twitter.com/PeterSchiff/status/1294454477299363840 He moved to Puerto Rico to avoid taxes. He is an outlier but his sentiment is correct. This is a spectrum. If California raised it's taxes to 100% no one would live in the state. If they dropped the taxes to near zero lots of people would move in given everything wasn't chaos. The higher the taxes go the more likely someone is to not move here. > Buy a condo in Las Vegas, register to vote there, and spend all your time in San Diego. California will charge you income tax for the time you spent in San Diego. California will even charge you income tax if you never set foot in the state if your income is earned from the state: https://www.forbes.com/sites/robertwood/2019/10/22/now-calif... > I sincerely doubt California’s greatest problem is too few wannabe founders You underestimate the influence of the rich. People mimic what they perceive to work. If rich people don't move here, people who aspire to become rich will not move here. |
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That would obviously depend on the services provided.