Comment by gamblor956

Years ago I had a client, a European billionaire, who moved to California because the taxes were "so low" compared to his home country. (The difference was only a few percent, and yes he had lived in Vegas with its 0% income tax before moving to California.)

He's still here, and unlike the PAB SV billionaires, he has no plans to leave because he's seen what places with no/low taxes are like. (TLDR: they have low taxes because nobody would want to live there otherwise. )