Why California’s Latest ‘Soak the Rich’ Tax Proposals Are Likely to Backfire

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One big problem: Nearby states such as Nevada have no income tax at all.

NRPLUS MEMBER ARTICLE I n a comical yet revealing turn of affairs, New York governor Andrew Cuomo is so desperate for wealthy New Yorkers to return to his state that he has resorted to personally calling them and offering to cook for them if they come back. The governor finds himself in this situation because New York’s sky-high taxes, restrictive business environment, and abysmal COVID-19 response have prompted many successful citizens to move elsewhere. No matter how many martinis Cuomo offers to buy them, many won’t be coming back.

Governor Gavin Newsom may soon find himself in a similar situation. The California Democrat has already

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