Uploaded August 2026 | Updated September 2026, 2 weeks ago

---

California's dominance in tech and business has felt permanent for decades, built on the same magnetic pull that keeps drawing companies and talent to the state. But that pull may not be as unshakable as it looks.

A new wealth tax is pushing some of the state's wealthiest founders to leave, and the reasoning behind that decision reaches further than just the tax bill itself.

Joshua Rauh, Professor of Finance at Stanford's Graduate School of Business and Senior Fellow in Economics at the Hoover Institution, explains what's actually at stake when high-net-worth individuals leave California, and why the state's advantage may be more fragile than it appears.

Views expressed in this video are the opinions of the host and guests and do not necessarily reflect the views of California Insider.
--------------------
🇺🇸🇺🇸🇺🇸 Watch our Documentary "Leaving California" at leavingcamovie.com
🟡 Sign up for our newsletter: californiainsider.com/email-signup-page
💟 Support us: donorbox.org/california-insider-2024-donation
• Facebook - facebook.com/CAInsiderShow
• X (Twitter) - twitter.com/CA_Insider
• Instagram - instagram.com/california.insider
--------------------
#California #CaliforniaNews #CaliforniaInsider #CaliforniaPolitics #CaliforniaPolitics #WealthTax