OVER 300,000 people left Calif in 2022 so far.
Workers who leave do NOT pay state taxes.
State taxes are not collected to keep building the pension funds.
I read a report yesterday that said “high income earners” are moving into the state of California. I find that difficult to believe just by looking around - the state is overrun by destitute illegals and homeless - and you can be sure they don’t pay taxes (illegals work for CASH).
I expect my pension fund is already depleted - but I diversified for exactly that reason.
I’ll be the last taxpayer to leave - and I won’t turn off the lights - but by then there won’t be any lights to turn off.