California Bleeding Money As Mass Exodus Continues

California, which Democrats control, has lost more tax revenue due to more people fleeing than any other state, according to recent research.

The analysis, carried out by the real estate marketplace, revealed that in 2021, California lost around $344 million of tax revenue due to people leaving the state. Democrat-controlled Illinois lost $142 million, while New York lost $300 million.

Local LA media reports that from July 2021 and July 2022, roughly 343,000 Californians left the state, while only 125,000 entered. These numbers are consistent with those reported by the United States Census Bureau.

The highest decrease, nearly 90,000, occurred in Los Angeles County.

Approximately half a million people have left the state since the year 2020, according to the report.

It has been reported that neither California’s governor nor legislature are concerned about the outflow.

According to reports, California legislators recently adopted a $311 billion budget that would close the state’s almost $32 billion deficit in the budget while simultaneously extending a hefty tax cut for the state’s film and television sector.

Over the previous several years, the most populous state in the country has accumulated surpluses in the budget of over $100 billion, allowing the ruling Democrats to significantly increase government spending.

This year, though, sales have been slower than usual because of rising prices and a volatile stock market. California is more susceptible to economic fluctuations than others since a large portion of its budget comes from taxes paid by wealthy individuals. Democrat Governor Gavin Newsom’s office predicted last month that California would spend more than it brought in.

Another reason for the exodus is crime.

This year, the annual crime report for California was issued just before the Independence Day weekend. The media paid it hardly any attention.

The 2022 report found that both violent and property crime rates in the state had risen by 6.1% and 6.2%, respectively, since 2021. Robberies increased by 10.2 percent, but homicides decreased slightly.

According to Calmatters, if there had been a decrease in crime in California in 2022, the state’s attorney general, Rob Bonta, would have made a big deal out of it.