High COL regions continue to lean on marquee companies and the supposed geographic affinities. The trend of companies fleeing to cheaper locales isn't theoretic

High COL regions continue to lean on marquee companies and the supposed geographic affinities. The trend of companies fleeing to cheaper locales isn't theoretical, its decades-old already and merely being highlighted and accelerated. The myopia of Bay Area techies is even worse, they don't understand how far along this trend already is. Both California and NY suffer from fiscal mismanagement and large looming retirement crises and other costs. Why stick around to fund the inevitable tax increases if you don't have to? Both states will attempt and fail to establish something like an exit tax. Cities and counties can go bankrupt. The Federal government has a printing press. States have neither option. California may be in even worse shape than NY - it is going to get progressively more expensive to recover from fires. Why pay the bill? Just move away. If you stay, you run the risk of having your financial independence taxed away and then you can't move.