Its still an income tax, impacting 0.5% of taxpayers, and most companies reduce pay if the employee leaves the bay area for remote work or to work at a remote o

Its still an income tax, impacting 0.5% of taxpayers, and most companies reduce pay if the employee leaves the bay area for remote work or to work at a remote office. 1. The reduced pay might not be worth leaving. 2. There are also other benefits to be in California (e.g. friends, like-minded people, infrastructure, etc). Even if some of those taxpayer chose to leave, demand for housing and goods/services is reduced, but supply stays constant. i.e. prices decrease for the people who choose to stay. Reducing economic inequality for the people who choose to stay in California. Seems like a win either way.