I’m not sure I agree with your numbers, but even if they are correct, the tax punishes them for growth: growing their workforce or growing revenues.
By anyway, punishing growth should be valid, IT workers are doing well, the homeless that are to be helped is not like they gonna be hired as software devs at PayPal.
Taxes are nothing but a reallocation of resources and it always has been, and it is the price you pay for living in a society, and it is worth it, you'd rather have the addicted and mentally ill outside of streets one day you might get stabbed by one of them.
Also it is not just about taxes, the gov need to take some drastic measures too.
Only when they are used to pay for social programs. Not when they are used to pay things like infrastructure, defense, etc.
So that's just fortunate for you. California has to solve its problems, it is the hand that it was dealt to them and they have to make the best out of it.
If it is not suitable for you to live there, it is fine.