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A comment on Ask HN: How to continue to be gracious about the good fortune of rich friends?. Parent comment

Re:Ask HN: How to continue to be gracious about the good for... by thrashh on Tuesday January 04, 2022 @10:25PM (#29804689)
People aren’t moving out of CA to less tax-y places. They’re moving to cheaper places (with less to offer).

There’s a net migration of rich people into CA (and there always has been). It’s the lower income that move out because they simply can’t afford CA. Rich people can afford CA and so they move here.

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Re:Ask HN: How to continue to be gracious about the good for... by pb7 on Tuesday January 04, 2022 @11:14PM (#29805047)
Many wealthy SWEs are moving to Texas and Florida for reasons that boil down to “no state tax” and “cheaper”, both points I’ve explained the math behind.

This isn’t really a political point. I like living in California (for now) and wouldn’t move to either of the other states just for the savings. Not worth it.

[ Parent | on HN ]