California is losing it’s allure. The state used to be a haven for the aspiring, but not as of late.
As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California and Elon Musk moves to Texas, California is considering raising taxes on the wealthy to unprecedented levels. Experts say California needs to find more ways to reverse the trend.
CNBC recently discussed the issue. Watch the full video below.