A growing group of billionaires and executives is expanding its presence in Florida as California’s proposed Billionaire Tax Act and Washington’s high-earners income tax increase pressure on wealthy residents. Google co-founders Larry Page and Sergey Brin, Meta CEO Mark Zuckerberg and former Starbucks CEO Howard Schultz have recently bought Florida property, joining Jeff Bezos, Peter Thiel, Ken Griffin and Larry Ellison. California’s proposal would impose a one-time 5% tax on the total net worth of billionaires residing in the state after Jan. 1, 2026, potentially affecting about 200 people and raising $100 billion for healthcare, education and food assistance. Voters are split, with 48% of likely voters supporting the measure and 41% opposing it in a UC Berkeley Institute of Governmental Studies poll. Brin has donated an additional $20 million to Building a Better California, bringing his reported total contribution to $102 million, while Thiel gave $3 million to the California Business Roundtable. The departure of Page, Brin, Travis Kalanick and Thiel could reduce projected revenue by about $29 billion, according to a Fortune calculation. Florida’s lack of a state income tax and capital gains tax, favorable weather and Miami’s luxury-property market are adding to its appeal. The migration also intersects with an earlier dispute between Brin and Eric Schmidt over the anti-tax coalition’s political strategy, including its unsuccessful campaign against Democratic endorsement of Proposition 40 and its support for counter-measures Proposition 41 and Proposition 42.