[OC] Florida’s Growing Billionaire Population

14 comments

1. Guessing most of them moved there after making their billions elsewhere, to take advantage of the zero income tax status.

2. Turns out billionaires like no income tax and warm weather

3. So they’re all concentrating into one area that is most vulnerable to violent climate events?

   No, stop, don’t go.

4. Imagine the money for the government on just a 1% tax on billionaires and the sad thing is, they wouldn’t even notice a difference.

5. They’ve mostly left the northeast.

6. Great let’s now tax all the vacant homes they leave in NYC and cali that they use for tax write offs.

7. Interesting to think how this is a product of globalism. Rich people aren’t feeling connected to their communities in the same way as the past.

   I also wonder what the demographics look like for these 90 billionaires. Are they older than the rest of the billionaire class? More likely to identify with MAGA? Florida isn’t the only state with no income tax but we are seeing billionaires move here more than TN and Washington state

8. [ Removed by Reddit ]

9. California and New York make billionaires, Florida and Texas steals them.

10. The chart says 90 billionaires added. But it goes from about 60 to 119. That’s not 90. That would mean starting at 29, which it most definitely did not according to the graph

11. More to come as NYC pushes out all their wealthy

12. There’s been 24% inflation since 2020, meaning a billionaire today is ‘only’ equivalent to $750 million in 2020. There was an average of 9-10% total inflation per 5 years prior to that. The increase in rate in Florida is expected given these circumstances, California and New York not increasing their rate is the true unexpected result on this graph, given equal other variables.

13. many of them are Russian oligarchs.

14. Makes billionaires extinct.

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