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From what I can tell the residency change for a billionaire is about how often you fly to your various homes. Zuckerberg I think hasn't gotten rid of his Palo Alto or Lake Tahoe property, he just added a FL house and will have a cap on how many days per year he's in CA right? This isn't like a normal person with 1 house relocating.

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It's very expensive to move the business that owns the assets, and then you need to ensure you don't become resident again.

Once the money moves, it won't come back to where it can be grabbed.

That's why the USA has exit taxes when giving up green cards and citizenship.

But the business didn't move. Meta not moving to FL, and Prop 40 doesn't give any reason to move it; it's a tax on the resident, not the business.

All of the billionaires have corporations, called the "Family Office". Moving the office would be a pain point.

They have been moving both themselves and their family offices.

https://ca.finance.yahoo.com/news/google-cofounders-sergey-b...

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