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What Went Wrong With California?
Patrick Boyle On Finance
Population Decline Echoes California's Fiscal Constraints
A slowdown in immigration to California from abroad that began during the pandemic has continued/nCalifornia has experienced a population decline for three consecutive years, the first sustained drop since becoming a state in 1850/nCalifornia's reliance on capital gains taxes hinders the state's ability to address its budget crisis/nHiking taxes further may lead to more wealthy Californians leaving, worsening the issue
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