To an extent they are correct, up until they drive the "rich people" away. One of the things that I find troubling is that many, especially democrats, seem to feel that class warfare is appropriate and that anyone who has worked hard, saved their money, invested it carefully, etc. doesn't deserve the fruits of their labor. That is a core problem that this society needs to address. I have a number of friends at the Boeing Company, who are English engineers and came to the US during the great "brain drain" in the UK, when that countries taxing policy drove out the best and brightest. It can happen to California and it can happen to the US.