Billionaires Fearing a Proposed California Wealth Tax Are Snapping Up Property in Miami

A proposed California wealth tax has yet to appear on the ballot, but it is already causing a stir among the state’s richest residents. In a bid to protect their fortunes, several billionaires are acquiring luxury properties in Miami, shifting both their lifestyles and investments eastward.

Billionaires Fearing a Proposed California Wealth Tax Are Snapping Up Property in Miami