, Columnist
California Needs to Keep Its Millionaires
The GOP tax law might not drive out the richest residents. But what about the upper middle class?
The super-rich can live anywhere.
Photographer: Justin Sullivan/Getty ImagesIntroducing his state budget proposal earlier this month, California Governor Jerry Brown said out loud what many legislators in Sacramento fear: That California’s highly progressive income tax may be unsustainable in the wake of the Republican tax bill signed in December by President Donald Trump.
“People with higher incomes pay a lot more money, and some of them may be tempted to leave,” Brown said.