Most economists will disagree with you about the deficit :-)
It's not something we tend to think about on a daily basis, but it's a huge, growing problem that already has ill effects and may end in a catatstrophe: https://www.washingtonpost.com/news/wonk/wp/2018/04/09/why-a...
Similarly, California got away with squeezing the "rich techies", but it keeps losing some of them, and if it's not careful, that will escalate. I can tell you about a bunch of my friends who all had great offers in Cali, and normally would move there in a heartbeat, but the combination of taxes + housing costs + other crap made them go elsewhere. Once a bunch of companies open HQs in other states (besides Amazon that will certainly not open HQ2 in California), this will become worse.
> CA is still ridiculously expensive, as it always has been.
Not as bad as this. If you lived in California for decades, as you claim, you know it's been growing worse than ever.
> Remote access to centralized and/or distributed computing resources was a solved problem long before the internet showed up.
Same deal: it's a developing process. Folks wanted to do remote offices for a long time now, and technology has improved steadily to enable this. Now we're seeing more and more remote teams. This trend will likely strengthen as the internet gets faster, virtual reality gets better, etc.
Yeah, pretty much. I’m saying it’s nothing new, and things are still churning along just fine, whether it is in reference to the deficit or CA. Nothing has changed, CA is still ridiculously expensive, as it always has been. CA taxes the shit out of you, as it always has. And jobs pay better, so one has to calculate if the added expense is worth it, as we always have. Will it ever change? In the long term, yeah, it’s likely. In the short term? I see no evidence that a change is in the making. Those gleefully predicting CA’s demise have been around as long as I’ve been alive, and much like TSLA shorts, they’re probably going to have to wait a while longer.
You've been hearing about fully remote virtual teams thirty years ago, before the internet really existed?
Yes. Remote access to centralized and/or distributed computing resources was a solved problem long before the internet showed up.