California already drove out much of its middle class, and now the “regular rich” are heading for the exits. That leaves the super-rich and the poor — a situation fairly described as feudal.

UNEXPECTEDLY: Millionaires Flee California After Tax Hike. Prop. 30 raised the state’s top income tax rate by more than 29%, increasing it three percentage points from 10.3% to 13.3%, which is … Read more