California is also the biggest state in the United States and we have a lot of big businesses, such as Apple and the rest of Silicon Valley that pay high taxes for these things. Even if we didn't have big technology, I would happily pay a premium to live in California over Texas.
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California has Hollywood, Silicon Valley, and world-renowned Wine Region. The GDP is amazing. But you're being fleeced.
Imagine the costs being levied by the above agencies. There is a Hidden Cost of Regulation.
Sure you see it as a premium because California is nice, and trust me, I won't argue with the weather. It's glorious.
Just imagine how much of your own wealth you could be keeping without the regulatory burden.
The linked article above is enlightening if you're interested.
Also, 'Biggest state in the US'. How so?
Thanks!
Exactly, there's a lot of money that flows in and out of CA. I agree that the CA government has way too many rules and committees set up, but that's also because it's fricking huge.