They already have been leaving. Even Zuck moved from CA to FL due to that, and many corporations and their CEOs/executives are leaving with new ones announcing it every year.
With moves from Silicon Valley CEOs, I will not be shocked when the HQs are to follow.
Clanker edition:
Mark Zuckerberg and Priscilla Chan are relocating from California to Florida, purchasing a ~$170 million mansion on Miami's exclusive Indian Creek Island, known as the "
Billionaire Bunker". This move is driven by a proposed 5% California wealth tax on billionaires. The move marks a significant departure amid a broader trend of tech, financial, and sports elites relocating to Florida, which has no state income tax.
Key Details of the Move:
- Property: The couple purchased a roughly 30,000-square-foot, 2-acre waterfront estate on Indian Creek.
- Cost: The purchase price is reported at $170 million, setting a new record for Miami-Dade County.
- Location: Indian Creek is an ultra-exclusive, gated community with high security, often called "Billionaire Bunker".
- Context: This move follows increasing pressure from a proposed one-time 5% wealth tax in California, which could cost Zuckerberg an estimated $11 billion.
- Trend: Zuckerberg joins other high-profile individuals moving to the area, including Jeff Bezos, Tom Brady, and Ivanka Trump.