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sop

(18,085 posts)
16. For the average taxpayer, but not for the wealthy and high-wage earners.
Wed Feb 18, 2026, 09:32 AM
Wednesday

'Billionaires flee California 'within seven days' over proposed wealth tax: Inside the Miami migration'

(FOX Business) "As California’s proposed 'billionaire tax' began gaining momentum late last year, some of the wealthiest people in the country didn’t wait for ballots, lawmakers or court challenges — they moved. 'Then a couple more flew into Miami, bought properties and closed within seven days,' luxury real estate broker Julian Johnston of The Corcoran Group told Fox News Digital. 'So then it was a tipping point.' "

"According to Johnston — who told Fox News Digital that he’s currently working with three billionaires to move them from California to South Florida — the urgency was driven by staggering potential losses...'One client said, ‘You know, this could be like a $5 billion tax for me,' he recalled. 'So they’re moving because of that.' "

https://www.foxbusiness.com/real-estate/billionaires-flee-california-within-seven-days-proposed-wealth-tax-inside-miami-migration

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