Why rich people leaving California isn’t what you think

FILE — In this Jan. 8, 2021 file photo California Gov. Gavin Newsom outlines his 2021-2022 state budget proposal during a news conference in Sacramento, Calif. On Monday, Jan. 25, 2021 Newsom and Assembly Speaker Anthony Rendon and Senate President Pro Tem Tempore Toni Atkins announced a proposal that would extend pandemic eviction protections through the end of June and pay up to 80% of some tenants' unpaid rent. The proposal must still be approved by the state Legislature. (AP Photo/Rich Pedroncelli, File, Pool)
FILE — In this Jan. 8, 2021 file photo California Gov. Gavin Newsom outlines his 2021-2022 state budget proposal during a news conference in Sacramento, Calif. On Monday, Jan. 25, 2021 Newsom and Assembly Speaker Anthony Rendon and Senate President Pro Tem Tempore Toni Atkins announced a proposal that would extend pandemic eviction protections through the end of June and pay up to 80% of some tenants’ unpaid rent. The proposal must still be approved by the state Legislature. (AP Photo/Rich…

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