Lots of rich folks migrating to CA? “Lots”? No. “Rich”? No.
Recently California progressives have been touting two studies that supposedly prove that it’s the poor people who are moving out of the Golden State, while the rich people are moving in. The INFERENCE is that the rich are replacing the poor — the common MSM interpretation. For instance:
Another assertion is that these studies represent CURRENT migration patterns. But digging deeper, it turns out that both studies are badly outdated.The SACRAMENTO BEE study(published March, 2017) uses the interstate migration figures from 2005 through 2015.The California Legislative Analyst’s Office study(February, 2018) uses the interstate migration numbers from 2007 to 2016.
But it’s more than just outdated numbers. The California state income tax rates on the wealthychanged dramatically for the… Read More