Good Riddance, Elon Musk, and Good Luck, Texas

California Is All the Richer for Losing the World’s Fourth Wealthiest Person

Thank you, Texas, for taking Elon Musk off of California’s hands.

Perhaps that reaction surprises you. After all, your state leaders declared victory when Musk, chief of Tesla and SpaceX, announced the move of his personal residence from L.A. to Austin. And it may seem strange for our state to not even blink as we watch the world’s fourth-richest person walk out the door.

But our sanguine reaction is actually a sign of two things: our growing recognition of the hazards of living amongst the very rich, and the fact that we …