Here's your summary from Why the Wealthy Are Fleeing Massachusetts (https://www.youtube.com/watch?v=bBVV9xBYBk8) on the Bloomberg Television channel:

### TLDR:

Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes and housing costs push wealthy residents to move elsewhere, with many moving to states with lower income tax, housing costs, and healthcare costs.

### Key Points:

1. Study shows that wealthy residents are leaving Massachusetts due to high taxes and housing costs, with over half staying in New England.

2. Top inbound states for those leaving Massachusetts have lower income tax, housing costs, and healthcare costs.

3. Massachusetts implemented a millionaire's tax to increase tax revenue, but the long-term impact on outmigration remains uncertain.

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