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High Net Worth Individuals Leaving the Golden State

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This week in Business Mgmt: High Net Worth Individuals Leaving the Golden State

For the best and the brightest, California has always been the place to be. Residents enjoy near perfect weather 365 days a year, are employed by some of the best companies in the world, and entertainment professionals in particular have gravitated to Southern California. But are things starting to change?

Covid-19 and the steady rise of the cost of living aren’t the only things that may be driving residents out of the golden state. California currently has on the table a proposed wealth tax, plus an increased income tax rate.

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