Didn't know property taxes go to the state first but the overall point remains that if there is an exodus of wealth from the Bay Area, that will affect the resources available for social programs. Also stories about companies and workers leaving the state beyond the Bay Area are hardly in short supply though some might be overdone for clickbait or political purposes.
Social programs are almost entirely funded through voter approved bond sales. Their funding won't take a hit if there's an exodus of wealth. The bonds are already sold.
Completely agree with you on the overdone clickbait!
