For every small business of 100 people that gives up and leaves the state....it’s a true significant loss that cannot be made up. That’s business-related taxes, property taxes, and the income taxes of the 100 people, layered on top of the small business itself.
So you figure that a hundred such businesses easily leave each year as a minimum. Toss in a few larger businesses, and small store fronts that just give up. At the end of the day...you just can’t make up for the losses.
California was blessed with two incredible industries...movies and silicon. It took them 4 decades to piss away that wealth. Any other state would’ve gone belly up in half the time.
Nissan relocating from LA County, CA to Williamson County, TN was a major nail. You would think it would be a wake up call.