This is like Oracle thinking they can raise the price of something forever due to lock-in. That is true until it suddenly isn't. The wealthy of CA are particularly mobile as movies and software require no natural resources.
All you need is a few people to start defecting. Is it really "Randian" to believe that people will increasingly use the internet/cloud/telecommuting/Skype/Anybots to work remotely?
It would be foolish to assume that all locations are equivalent when it comes to generating income. The differences in different areas far exceed a 1.3 increase in tax rate.
All you need is a few people to start defecting. Is it really "Randian" to believe that people will increasingly use the internet/cloud/telecommuting/Skype/Anybots to work remotely?