Evidently, California has a law that says that the retirement of state employees can’t be reduced.
Their retirement system, Calpers, has taken a big hit.
If they can’t reduce outlays, then they’ll have to increase their intakes.
That means increased taxes.
The problem is, that affects Opportunity Costs.
Every dollar taken from a Taxpayer is a dollar that Taxpayer can’t spend on something else.
That reduces the freedom that Taxpayer has.
Keeps U-Haul in very good business with folks exiting the state.