That's the downside of depending on regressive income taxes instead of taxing assets, capital gains, dividends, etc sufficiently.

California has the most progressive taxation scheme of any state. Dividends and capital gains are taxed as income. I’m curious what you would consider “sufficient” taxation - the top marginal combined rate for a Californian is over 50%.

I think California had the highest capital gains tax in the US.

What it needs is more property tax aga, or better yet, land value tax.