How Tech Billionaires Spurred an Exodus From California

How tech billionaires spurred an exodus from California

In late December, White House official and tech investor David Sacks made a cryptic poston X: “Message received,” he wrote, above a photo of anti-billionaire demonstrators gathered in front of his San Francisco mansion. The post made public what Sacks and other billionaires had been planning privately: They were plotting to leave California in protest of a proposed wealth tax that would impact the state’s richest residents. Anger at the proposal…

California exodus continues in 2025

New data show a net loss of roughly 216,000 Californians, with LA leading the outflow  California once again led the nation in outbound migration in 2025, as more residents packed up and left the Golden State than moved in, continuing a trend that has now stretched six consecutive years. New data from U-Haul, combined with population figures from the California Department of Finance and policy analysts, paint a picture of a state still strugglin…