California has higher income taxes than any other state in the united states. As a result, many business owners, like elon musk and joe rogan, have moved their enterprises to states with lower state income taxes. As a result, its likely that california will start to experience less tax revenue even as they increase tax rates. What concept in economics does this best illustrate?.

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02-11-2022
Business

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California has higher income taxes than any other state in the united states. As a result, many business owners, like elon musk and joe rogan, have moved their enterprises to states with lower state income taxes. As a result, its likely that california will start to experience less tax revenue even as they increase tax rates. What concept in economics does this best illustrate?.

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