We are witnessing a troubling migration—a flight of capital and talent from states that have adopted increasingly aggressive tax policies. Elon Musk moved Tesla and X from California to Texas; Palantir relocated to Colorado. High-profile individuals and corporations are pulling up stakes and relocating to states with more favorable tax policies. A casual observer might...

Exploring the roadways of California yields scenery evoking two distinct worlds. On the big freeways, surrounding every major interchange, the 21st century asserts itself in an agglomeration of concrete and glass boxes surrounded by lakes of asphalt, each festooned with a recognizable corporate logo. Food. Fuel. Lodging. The corporate power they represent is reflected in...