Mamdani Warns of Nearly 10% Property-Tax Boost if No Tax on Wealthy

In a wave of economic upheaval, California's proposed 5% billionaire wealth tax has ignited a frantic exodus, with tech titans like Google's founders Larry Page and Sergey Brin unwinding dozens of state entities and relocating assets to tax havens, while Governor Gavin Newsom desperately vows to kill the measure amid fears of self-destruction; meanwhile, New York City's Mayor Zohran Mamdani threatens a 10% property tax hike if wealthy corporations aren't taxed more, and Washington's 9.9% millionaire surtax could push combined rates over 18%, prompting companies to shift their domicile from Manhattan to Miami or Austin. In this presentation, I highlight how aggressive tax and regulatory policies are driving small- and medium-sized business and billionaires alike to redomesticate to Florida and Texas for zero income taxes, robust asset protection, and sustainable growth. Learn more: https://www.cummings.law/redomestication/