3 ms·
California has a lot going for it. Great geography, lots of university, great talent, talent with many different backgrounds, momentum from industry. Non comp
by mothballed 10mo ago
California has a lot going for it. Great geography, lots of university, great talent, talent with many different backgrounds, momentum from industry. Non compete non-enforcement also exist in places like North Dakota (which has nearly as a high a GDP/cap), but they can't offer a lot of these other things.
In many ways California is just being capitalist like the "actual" capitalist and taxing whatever the market will bear. It will probably bear a lot in California. There's no need for them to dress it up as a social project, it's just the ruthless gears of the state run by people with personalities nearly identical to the CEOs that would also do the same thing in their shoes.
The poor will continue to suffer the ~same fate and the friends of politicians will continue to be enriched. The middle class sees maybe the ever tiniest budge from one or two billionaires pulling out along with whatever jobs their capital provides, but otherwise their lives basically move on as usual and they can preach about their support for the poor using someone else's dime at almost no risk to themselves.