Are the ultra-wealthy playing a high-stakes game of dodgeball with American cities? As states float the idea of heavy wealth taxes, billionaires are increasingly moving their addresses—and their yachts—to tax havens like Miami. Does this wealth migration spell doom for blue cities?
In this episode of It Turns Out, Kara sits down with renowned urban scholar Richard Florida to decode the new geography of extreme wealth. And Florida explains why politicians like NYC Mayor Zohran Mamdani look to herald a new progressivism, an era in which the pendulum swings against the Trumpian embrace of billionaires.
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