As a Californian who has lived here for a quarter century and has never threatened to leave, I’m glad the state doesn’t cater to startups who can’t afford an extra 5% for home office expenses for their remote workers. They have zero loyalty to the state and if all employees are remote there’s little benefit keeping the corp in CA. Everyone has to register to do business here and the FTB will get the bulk of its cut anyway.

Good riddance. We need the space more than we need the tax revenue. (no offense intended, the housing situation is just dire and I’ll use any excuse to convince people to move out cause so few actually people want to)