Patrick Boyle On Finance What Went Wrong With California?
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Oct 20, 2024 California, once the land of opportunity, is facing a mass exodus of businesses due to high taxes and strict regulations. Over 500 companies have left since 2005, leading to economic challenges like rising unemployment and homelessness. The state's transition from a budget surplus to a deficit highlights deep economic disparities. With strict regulations hurting small businesses and the tech sector in decline, crucial questions arise. What can California do to regain its status and support its economy?
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