Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 10/04/2025 7:20:05 PM PDT by MinorityRepublican
America's super rich are swapping Silicon Valley for Utah's Silicon Slopes and Manhattan for Miami.
In the next five years, Republican states are set to see the largest influx of ultra high net worth individuals, according to a new report.
The analysis, from wealth intelligence firm Altrata, defines these people as those worth more than $30 million.
While the traditional wealth hubs of California and New York still lead in terms of the number of ultra wealthy Americans living there, they are lagging when it comes to growth.
Instead Florida is leading the way, with an estimated 8.8 percent yearly growth of super rich residents through 2030.
Utah is projected to see the second largest annual growth over the same period of 8.1 percent, while Texas is due to see a 7.9 percent yearly surge.
The ultra rich are throwing their money into these states as a result of attractive low-tax regimes, the rise in remote working, general lifestyle appeal and emerging technology and finance hubs in areas such as Miami, Austin and Salt Lake City.
(Excerpt) Read more at dailymail.co.uk ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Elon Musk is the richest man in the world. So that's a good thing.
On the other hand, George Soros is one of the wealthiest man in the world.
Not correct.
Absent CA's 4 trillion the US would still have a GDP of 25 trillion which is still much higher than China's 19 trillion.
So I guess I need another bong hit to understand what you just said.
I hate people in my state with kommiefornia tags.
Hope the next Miami Vice reboot doesn’t have Crockett and Tubbs riding in a Tesla and drinking a Starbucks.
RSuch a silly “what if” game
If you’re going to exclude California, maybe we ought to exclude Hong Kong from the China GDP.
“If you’re going to exclude California, maybe we ought to exclude Hong Kong from the China GDP.”
It’s even stupider than that as all those businesses operating in California would be operating elsewhere.
Iin my view, $30 M is hardly ultra wealthy, though it's certainly comfortably wealthy. Look at it this way: Most retirement guides say that if you safely invest your wealth, you can take no more than 4 percent a year as income in order to preserve your wealth and keep even with inflation.
That would mean that you would have an income of about 1 million a year. Given that state and local taxes get half of that, your spendable income would be about a half mil a year. That's comfortable, for sure, but you don't get a private jet, foreign mansions, or new trophy wives or hubbies for that.
Growth sputters?!
In 60 years, NYS has lost almost half its House seats.
Upstate looks like an economic wasteland.
Gotham’s not much better.
We aren’t sputtering.
We’re circling the bowl.
Earth to the Daily Fail.
It’s SSDD in the UK, isn’t it.
For the same reason.
That happened when pot was legalized.
My commie uncle says the same thing.
The only industries that seem to be growing around me are wineries, pot stores, schools and government. Amazon trucks are also becoming more numerous. I’ve seen multiple ones on the same street!
Blue states were still the top 10 places folks away from in August. A trend that began during COVID and never really stopped. When all the rich folks leave NYC who will pay for socialism?
Without CA the rest of the USA would be much better off.
Since 1960 nys lost 16 ev’s.
Some years ago, I was on the campus of Southern Utah University, and a student was strolling down the sidewalk carrying a rifle as he chatted with his friends. He was probably going to target practice. It amazed me how different the culture was from where I lived, just six hours away. Had he appeared with a rifle on any college campus in Southern California, he would have been arrested and charged with a felony if he wasn't shot on sight by campus security.
Driving the local real estate prices even higher - we were out there last month and what would be a $120k fixer upper here would be close to a million in Salt Lake. Super safe compared to our cities here, though.
California and New York have become dead zones only slum zones are left thanks to the left.
I rent an old cabin in 37215 zip Nashville
From an old friend as a favor temporarily on sugar tree creek about 5 foot stilts
It and 37205 are Nashville propers toniest zips
Median home price now is pushing 2M which includes a few cluster homes etc
Ten years ago it was around 750k
Mostly due to blue state refugees
Yes Colorado was a cowboy state in my youth
B1957
It’s a major pity
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.