You want to limit professional athlete salaries? Cool, the teams will save a whole lot of money, their owners will be real happy.
Of course I never said that, you did.
I'm very clearly pointing out the hypocrisy of California and its regressive, anti-human policies in action.
If they weren't hypocrites, they'd similarly cap athlete salaries based on the lowest paid employees of the team the athlete plays for - given the extreme pay imbalances in question. I believe the state officials proposing this are cowards and going after easy populist targets, so they'll never dare to act consistently and target athlete pay for exactly the same reason as executive pay.
Citizens can hardly run away from California any faster. It's so bad they're set to begin losing congressional seats for the first time in their history.
Liberal California may be losing population to conservative states like Texas, but conservative states like Texas are becoming far more liberal.
The reason is that executives decide other employees pay; the rule doesn't cap highest-paid-employee pay but executive pay. Higher paid athletes don't set the salaries of lower paid athletes.
What is the myth again?
[1] https://ktla.com/2019/12/20/californias-population-stalls-at...
Even within domestic migration - people leaving are poorer and people coming over are richer and wealthier.
The "exodus" stories are often peddled to tell a story on how productive people are leaving and there will be no tax revenues. But the opposite is actually true.
So, to summarize - 1) Net migration to CA is positive and 2) Net migration is actually bringing in more high income folks
https://calmatters.org/explainers/california-population-migr...
https://www.latimes.com/politics/la-pol-sac-skelton-income-t...