New York and California lost over $90B in income to low-tax states (opens in new tab)

Yes, the housing being too expensive because too many people have too much money is a major problem to solve. You’d think people fleeing to Texas would lead to lower housing prices, but that isn’t really occurring. I guess that’s the difference between fleeing due to “it’s too crowded, so everyone is leaving” (ie San Francisco) in contrast to fleeing due to a lack of economic opportunities (ie Detroit).

>The value proposition for living in those places isn't very good for high earners, if you make enough money the taxes alone are enough to live in TX, FL and get your fix of NY, CA from traveling.

The downside being you have to spend at least half the year in TX or FL. I had such a choice and rejected it for that reason.