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Agree 100%.
Still plenty of opportunities for those who have the ability to move to another state, or the stomach for long distance investments.
But capital does flow. I’m sure you remember the big Nissan HQ in Torrance, CA, now in Franklin, TN. BMW could have put their huge US factory anywhere. It’s in South Carolina. Same with Michelin. Tesla, etc.
As that happens it of course forces the states from where capital is fleeing to “double down” on the policies that caused the fleeing in the first place. With predictable results.
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