It also creates jobs in Florida and Texas…
If California and New York want those dollars back, extract it through the federal government and the top 40% of taxpayers who pay federal income tax and can't avoid it (congresscritter hustle). You know, like red states do [1].
(tangentially, this will not age well when Texas and Florida come with their hands out for climate costs [2] [3]; grab those bootstraps y'all)
[1] https://wallethub.com/edu/states-most-least-dependent-on-the...
[2] https://www.marketwatch.com/story/florida-and-texas-are-expe...