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California mass exodus caused by ‘failure of governance,’ UCLA professor says

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UCLA economics teacher and Hoover Institute senior fellow Lee Ohanian goes over how increasing tax obligations and property costs are requiring individuals to leave The golden state for Texas. #FOXBusiness

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California mass exodus caused by ‘failure of governance,’ UCLA professor says

UCLA economics professor and Hoover Institute senior fellow Lee Ohanian discusses how rising taxes and real estate prices are forcing people to leave California for Texas. #FOXBusiness


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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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