HN rage bait
Larry Page has moved to Florida
21–30 of 97 posts
Re: Larry Page has moved to Florida
#22Re: Larry Page has moved to Florida
#23If you think wealth inequality is a societal problem, billionaires leaving to avoid taxes is a feature, not a bug.
Not really, so long as they influence affairs on planet earth, their wealth and influence will continue to cause compounding problems.
Re: Larry Page has moved to Florida
#24From 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.…
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.
Re: Larry Page has moved to Florida
#25Better dead in California than alive in Florida, to paraphrase.
Re: Larry Page has moved to Florida
#26> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…
NYC had a similar budgetary/fiscal issue too and they thought they'd manage it by assessing more taxes on companies and people. The result was corporate as well as individual flight.
It's tough to slim down on spending. Be it individuals or governments and quasi-governmental organizations. Companies can swiftly implement spending cuts and RIFs --sometimes aggressively.
Governments, though, there are threads throughout --elected officials often trade support for positions and favoritism and if they take those away, so do many of their fiercest people who get out the vote. Also, their voters are averse to having the services they've grown accustomed to getting cut.
So sometimes you need that official who knows he or she is a one termer but will go in and cut and cut. People will hate them but it will allow the government a chance to make a turnaround.
Re: Larry Page has moved to Florida
#27> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…
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I hope he sees this, bro.
Re: Larry Page has moved to Florida
#28> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…
#2 is a problem with California’s tax laws. A marginal land value tax would easily tax wealth without wealthy people having to sell assets. Also, more economic activity, such as rich people buying products and services, results in sales tax and income for other Californians.
Take that up with the CA voters circa 1979.
Re: Larry Page has moved to Florida
#29If you think wealth inequality is a societal problem, billionaires leaving to avoid taxes is a feature, not a bug.
This is a correct observation. The question is whether it’s meaningful to pursue local coherence when locality is vague. E.g. can someone at that level just declare permanent residence in a place but maintain their lifestyle in another? At country level they cover that with tax residence, I am not sure whether that’s the case between states in the US. Even as such, people who get on their plane as frequently as I get in my car are not subject to the same residence considerations.
Re: Larry Page has moved to Florida
#30> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…
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What philanthropic initiatives or non-profits? Regarding philanthropy, this Forbes estimate [0] suggests Page is not particularly engaged in philanthropy compared to others in his wealth class.
[0] https://www.forbes.com/sites/forbeswealthteam/2026/02/09/ame...