Millions of us will stay, but thousands of Californians who have enriched the state may not. Sadly, the California legislature operates on the principle that the climate, hip culture, and beautiful panoramas of California will always keep enough high-earners from leaving, and that Napa Valley, Silicon Valley, Central Valley agriculture, the gas-and-oil industry, our great research universities, and Hollywood will continue to thrive, even with the high taxes, ever more regulations, the failed public-school system, soaring outlays in social services, and problems from years of massive illegal immigration. It is as if the current generation of politicians can extract a premium for something that they did not create, but have done their best to destroy.
What a retrograde assumption.
I just read the first couple of paragraphs of Krugman's piece. What a foolish, foolish man.