Source: Foundation for Economic Education
by Mark Moses
“We are witnessing a troubling migration — a flight of capital and talent from states that have adopted increasingly aggressive tax policies. Elon Musk moved Tesla and X from California to Texas; Palantir relocated to Colorado. High-profile individuals and corporations are pulling up stakes and relocating to states with more favorable tax policies. A casual observer might interpret such migrations as a strategic response to changing cost structures. But that framing misses the deeper issue. These departures are not just about lowering costs; they reflect an effort to exit a system that has decidedly turned against them.” (06/15/26)