The Truth About Taxing the Rich: Deficits, Migration, Fewer Jobs
11th April 2026
Don’t these politicians realize that in America, people can move?
The same day Washington’s House passed its millionaire’s tax, Starbucks billionaire Howard Schultz announced that he’s leaving Washington for Florida.
Billionaires Elon Musk, Larry Ellison, Steven Spielberg, Peter Thiel and now Google co-founders Larry Page and Sergey Brin have left California.
For 170 years, California brought in more people than any other state. It’s clear why — the weather is awesome. There were growing opportunities and jobs.
But now regulation and taxes have changed that.