Art Laffer – California Globe

Bye Bye Billionaires: Gavin Newsom’s California Exodus

January 12, 2026 12:12 pmJanuary 12, 2026 12:21 pm

California billionaires are leaving the state in record numbers, and taking their billions with them. According to one billionaire, more than $1 Trillion has already left. Governor Gavin Newsom is pushing a retroactive billionaire tax targeting the roughly 220 billionaires...

Stick a Fork in California: Gov. Newsom’s Proposed Retroactive Billionaire Tax

November 24, 2025 2:45 amNovember 25, 2025 1:42 pm

California Governor Gavin Newsom is pushing a retroactive billionaire tax targeting the roughly 220 billionaires residing in California in 2025, ignoring that these individuals are the most financially mobile and can live anywhere. Expecting them to remain in the state...

Why Did 352 California Companies Flee to Other States in Three Years?

May 29, 2023 9:03 amMay 30, 2023 8:03 am

Why are California businesses fleeing the once-Golden State in droves? Several articles this week answer that quite clearly. “These exits negatively impact the state and particularly the local communities that lose these headquarters. Employees also leave, reducing demand within their...