Sunshine State Lures Billionaires as West Coast Tax Proposals Trigger Exodus

Wealthy tech founders are pulling up stakes from California and Washington to Florida to dodge proposed wealth taxes and benefit from no income tax and a business-friendly climate, pouring hundreds of millions into Florida luxury real estate and fueling a high-end market in Miami; the shift could also undermine California's $100 billion tax goal, with movers like Larry Page, Sergey Brin, Jeff Bezos, Mark Zuckerberg, Larry Ellison, Ken Griffin, Peter Thiel, and Howard Schultz buying property or relocating operations.