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In a stunning blow to Gavin Newsom and the radical Democrats in Sacramento, Meta CEO Mark Zuckerberg is reportedly ditching the failing state of California.
The tech mogul is the latest billionaire to pack his bags and head for the free state of Florida, leaving behind the crime, homelessness, and suffocating “woke” policies that have turned the Golden State into a third-world nightmare.
According to a report from the Wall Street Journal, Zuckerberg is securing a massive $200 million fortress in Miami’s exclusive “Billionaire Bunker” on Indian Creek Island.
Why is he running? Because the California Democrats simply cannot help themselves.
Facing a massive budget deficit caused by their own reckless spending, California lawmakers are pushing a lunatic “wealth tax” that would confiscate 5% of the net worth of the state’s wealthiest residents.
This isn’t a tax on income, it’s a tax on existence. It is pure socialism, and even the Silicon Valley elites who usually bankroll the Democrat party are waking up to the reality of the monster they helped create.
Zuckerberg joins a massive caravan of wealth fleeing the sinking ship. Jeff Bezos already left. Elon Musk got out years ago. Now, with a potential $10 billion tax bill looming over his head if he stays in Palo Alto, Zuckerberg is taking his money to a state that actually respects property rights.
Fox News reported:
Zuckerberg and his wife, Priscilla Chan, are buying a newly built mansion on Indian Creek, one of the area’s most expensive enclaves. The deal has not been confirmed as closed, sources with knowledge of the transaction told The Wall Street Journal, but neighbors said Zuckerberg plans to move in by April — signaling a relocation rather than a vacation home.
“People like Zuckerberg plan three moves ahead. That billionaire tax chatter has a lot of Palo Alto owners doing real math. If you’re staring at a potential 5% hit tied to net worth, Florida becomes a business decision. And Indian Creek is the clearest signal you’re serious, because it’s built for privacy and control,” Troy Dean Home CEO Troy Ippolito told Fox News Digital in reaction.
“This is a loud signal that South Florida is a primary market now. When someone at Zuckerberg’s level buys here, it changes buyer psychology overnight,” he continued. “If that tax actually moves forward, you’ll see the impact first at the very top, because there’s so little true trophy inventory.”
[…]
Meta responded after publication, telling Fox News Digital, “We do not have a comment on the WSJ reporting from yesterday.”
Some of Zuckerberg’s new neighbors on Indian Creek include Jeff Bezos, Tom Brady, Carl Icahn, Ivanka Trump and Jared Kushner, David Guetta, Julio Iglesias, Jaime Gilinski and Edward Lampert.
Zuckerberg’s move comes on the heels of other notable, longtime California-based billionaires who have solidified residency in South Florida in response to a proposed California wealth tax.
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