I wonder how much more (taxable) economic activity would have occurred in the State had Uncle Jerry not spent the last year threatening to raise taxes on California’s wealth producers. Businesses and those who start new businesses are fleeing the State out of fear of his new taxes. Each one that leaves takes jobs to some other State. California thus looses taxes that would have been paid by the businesses themselves and the income taxes that would have been paid by their workers.
By the time the state air board, the county board and the “neighborhood” board got done with us, we built the thing in Reno.