it depends on who "the rich" are but there is a decent sized subset of California that is insulated from the "problems" of California. they are insulated from

it depends on who "the rich" are but there is a decent sized subset of California that is insulated from the "problems" of California. they are insulated from the famous tax rates, do not rely on employment income, are not subject to the compliance burdens of being an employer, have inherited low property taxes or only rent, and can leave at a moment's notice. this part of the population of California is large enough to vastly distort the rental or property market wherever they go to.