It's perfectly fine to live in California as a salaried employee, you're likely not to get screwed.
For an entrepreneur, where you might subside 7 years on Ramen noodles to (maybe) have a large windfall during the 8th year, California places an unreasonable penalty on that once-in-a-lifetime event.
Therefore from selfish standpoint, if you start a business, grow it fast somewhere else, and then, when growth plateaus, bring it to California (let's face it, it's still a large consumer market).
This makes about as much sense as someone living in a trailer voting to ensure their own tax rate is higher than a billionaire's, "because I might win the lottery one day".
Except moving to another state is not "living in a trailer", it's more like living in a house next door, unless you feel particularly superlative about California.
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It's perfectly fine to live in California as a salaried employee, you're likely not to get screwed.
For an entrepreneur, where you might subside 7 years on Ramen noodles to (maybe) have a large windfall during the 8th year, California places an unreasonable penalty on that once-in-a-lifetime event.
Therefore from selfish standpoint, if you start a business, grow it fast somewhere else, and then, when growth plateaus, bring it to California (let's face it, it's still a large consumer market).
http://allthingsd.com/20121204/what-proposition-30-means-for...
This makes about as much sense as someone living in a trailer voting to ensure their own tax rate is higher than a billionaire's, "because I might win the lottery one day".
Except moving to another state is not "living in a trailer", it's more like living in a house next door, unless you feel particularly superlative about California.