alt Hacker NewsFrom elsewhere:
Google co-founder Larry Page moved to Florida from California in early 2026, purchasing over $188 million in Miami property. He left California to avoid a proposed 5% state wealth tax targeting billionaires, shifting his primary residence and assets to Florida, which has no state income tax.
Makes sense to me. Several businesses and individuals from NYC have also moved to Florida for similar reasons. If I were hard working or creative as them to be as wealthy I would do the same and I know others here would too, they just wouldn't likely admit or say it. None of that prevents one from having a satellite office in the former state.
Replies
Something needs to be done about the historic inequality in this country. It will undue all the “innovation” (ie selling ads and addicting people to the internet) that these tech billionaires have contributed.
If I were as wealthy as them I would not mind paying a 5% tax after years of tax avoidance. But that’s just one of the many reasons why I am not as wealthy as they are.