Politics

EXODUS: California HEMORRHAGES $1 Trillion as Billionaires FLEE Newsom's Socialist Paradise

Gary FranchiJanuary 11, 2026205 views
EXODUS: California HEMORRHAGES $1 Trillion as Billionaires FLEE Newsom's Socialist Paradise
Photo by Generated on Unsplash

The golden state has officially lost its shine, folks. California's billionaire class is voting with their feet—and their wallets—fleeing Gavin Newsom's progressive dystopia in record numbers and taking a staggering $1 trillion in wealth with them.

This isn't just about rich people moving. This is about the spectacular failure of Democrat governance destroying what was once America's economic crown jewel. Under Newsom's reign of radical leftism, California has become a cautionary tale of what happens when you prioritize woke ideology over economic prosperity.

The Price of Progressive Paradise

What drove these job creators to abandon the state they once called home? Let's see: crushing taxes that punish success, rampant crime that makes cities unlivable, a homelessness crisis that's turned streets into open sewers, and policies that welcome illegal immigrants while driving out legal taxpayers.

Newsom and his Democrat supermajority—a whopping 90 Democrats versus just 30 Republicans in the state legislature—have turned California into a socialist experiment that's failing in real time. These aren't just statistics on a spreadsheet. This is $1 trillion in economic activity, jobs, and tax revenue walking out the door.

"California used to be the land of opportunity. Now it's the land of taxation, regulation, and devastation," one former Silicon Valley executive told reporters.

Meanwhile, these fleeing billionaires aren't disappearing—they're relocating to red states like Florida, Texas, and Tennessee that actually welcome success instead of punishing it. States that understand the simple truth Democrats refuse to accept: when you make it expensive and dangerous to create wealth, wealth creators go somewhere else.

Trump's America First Vision Vindicated

This California exodus perfectly illustrates why President Trump's America First policies are so crucial. While Newsom chases climate fantasies and DEI initiatives, Trump is focused on making America competitive again through deregulation, tax cuts, and respect for law and order.

The choice couldn't be clearer, Patriots. Do we want the California model—where success is punished and failure is subsidized? Or do we want the Trump model—where hard work is rewarded and prosperity is celebrated?

California's loss is America's wake-up call. How many more states will follow Newsom's path to economic suicide before Democrats finally learn that socialism doesn't work—not even in sunny California?

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Gary Franchi

Award-winning journalist covering breaking news, politics & culture for Next News Network.

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PatriotTexan47Verifiedjust now
Finally some real numbers on what Newsom's anti-business policies are costing California! My cousin moved his tech startup from San Jose to Austin last year and says he's saving over 200K annually just on taxes alone.
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FreedomFirst2024Verifiedjust now
Smart move by your cousin! Texas has been rolling out the red carpet for businesses fleeing California's insanity.
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CaliforniaRefugee88Verifiedjust now
Been saying this for years - you can't tax people into prosperity. When will these progressive politicians learn that capital is mobile?