CALIFORNIA EXODUS: Economist calls state's 'demise' a 'sad story'

Economist Stephen Moore joins 'Mornings with FOX Business' to discuss California's proposed permanent tax on high earners and the flight of residents from high-tax states. He also analyzes surging oil prices and the latest durable goods orders data.
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. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.
Video Summary
AI GeneratedSteve Moore discusses the domestic migration of Americans from high-tax \"blue\" states to low-tax \"red\" states, the ideological sorting of the U.S. population, and the necessity of expanding energy infrastructure to lower gas prices and stimulate further economic growth under a pro-production policy.
