California has long been willing to test the limits of how much it can tax its most successful residents and businesses. This November, voters may find out whether the state is approaching a tipping point.
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The state’s population has been decreasing for several years, and the state Department of Finance recently projected that it would remain unchanged at 38 – 40 million residents until 2060 — a huge change from earlier predictions that it would top 50 million by then.
Read MoreCalifornia can not afford to loose more flagship companies and high net worth individuals to others states. Resisting the urge to over-regulate and over-tax is extremely important to retaining top companies and the high paying jobs they offer.
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