This Tech Billionaire Just Left California & This Is How Big the Budget Hole Is Now (Video)

In this 11 February 2025 published video, host Dave Rubin shares a DM clip of Meta’s Mark Zuckerberg moving his family and his tax dollars to Miami, Florida, to escape California’s billionaire tax proposal.
Recent reports highlight a growing “billionaire exodus” from California, primarily driven by a proposed Billionaire Tax Act. This potential ballot measure would impose a one-time 5 percent tax on the total assets of residents with a net worth exceeding $1 billion. The urgency stems from a provision in the proposed law that would make the 5 percent tax retroactive to anyone who was a California resident as of January 1, 2026. For a billionaire like Larry Page (worth ~$270B), this tax could represent a one-time hit of roughly $13 billion.
California is experiencing massive financial shifts, with reports indicating the state has already lost an estimated $1 trillion in wealth in just one month (January 2026) due to capital flight and billionaire relocations, driven by this proposed wealth tax. Previously, the state faced a $68 billion budget deficit for 2024–2025 and lost over $100 billion in adjusted gross income from migration between 2020–2022. These figures reflect a combination of taxpayer outmigration to states like Texas and Florida, and a significant drop in taxable wealth among top earners.
https://youtu.be/3I25HGjC8IU
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These communist idiots NEVER learn. Money flows to where it is treated best and that means it flows AWAY from blue states.
You would think by now, democrats would understand this simple concept but they do not. Probably never will.
Across the planet, when socialists decide to take from the job producers, the job producers take their money and their jobs elsewhere. It happens all of the time. A simple reason for not ever putting leftist in charge of anything unless you want to destroy it.