High Taxes, Overregulation Causing Exodus of Workers and Employers From California to Other States

See California Ranks Second Worst in U.S. on Economic Freedom Index from The INDEPENDENT INSTITUTE. Excerpt:

"As Congress considers overhauling the U.S. tax code in the hope of easing the financial burden on households and making the nation more competitive globally, California’s policymakers have enacted policies more harmful to economic freedom and opportunity than those of almost any other state, according to the 2017 Economic Freedom of North America report, released today by the Independent Institute in conjunction with Canada’s Fraser Institute.

Not only does California rank 49th out of all 50 U.S. states, but its burdensome combination of high taxes and regulatory overreach is so toxic for economic opportunity that it is causing a major out-migration of both workers and enterprises to other states.

“California’s lack of economic freedom helped motivate more than 10,000 businesses to leave the Golden State, reduce operations, or expand elsewhere during the past seven years,” said Dr. Lawrence J. McQuillan, Senior Fellow and Director of the Independent Institute’s Center on Entrepreneurial Innovation. Census data show that 3.5 million people left California for greener pastures from 2010 to 2015."