Why Billionaires Are Desperate To "Live" In Florida
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- Опубліковано 13 тра 2024
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#billionaire #florida #business
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Last month Jeff Bezos settled on this ninety MILLION dollar [$90,000,000] mansion on Indian Creek Island in Miami. That is the THIRD eight figure property purchase the Amazon founder has made in Miami in just the last 12 months. But the billionaire migration to Florida is making even Jeff's two hundred million dollar portfolio of properties look downright modest. According to the New York Post, Citadel Securities CEO Ken Griffin has purchased SEVENTEEN oceanfront estates, some worth as much as a hundred million [$100,000,000] individually.
He is now knocking them all over to make way for one for one single beach house for his retirement, that is estimated to be worth more than a billion dollars once complete. None of these billionaires are native Florida men, but it’s not the sand and the sun that’s bringing them down there. So why are billionaires scrambling to get into Florida all of a sudden? While other parts of the country are cracking down on billionaires and their extravagant lifestyles, Florida is trying to make itself the perfect hideaway for them and their money.
According to the LA Times the Mayor of Miami actually personally courted Elon Musk encouraging him to move his primary residence and businesses to the city. South Florida WANTS to be the perfect place for you to live… IF you're extremely wealthy. Miami has always been a popular destination for the ultra wealthy to spend their summer vacations. According to data collected in a study by the global wealth management firm Henley and Partners, and compiled by Visual Capitalists, Miami is the most popular vacation destination for the world's twenty five thousand [25,000] Centi-Millionaires.
Those are people with a net worth of one hundred million dollars or more… In the past most of these ultra high net worth individuals would return back to their REAL jobs in REAL cities like Seattle, New York, San Fran or LA. BUT NOW they are moving to Miami for good, and they are doing it for three surprising reasons.
The first reason is that Florida is a safe haven for wealth.
But using Florida as an asset bunker is just the first reason, so it’s time to learn How Money Works to find out why so many Billionaires are desperately rushing to make Florida their home.
Thanks to MANSCAPED for sponsoring today's video! Give your boys the love they deserve. Get 20% OFF + Free International Shipping with promo code "HMW20” at manscaped.com/howmoneyworks
How do you animate these guys walking around
”Half of the state’s top 10 billionaires live in South Florida”
So 5/10 billionaires live in the southern part of Florida while the other half live in the northern one😂
LOL none of us noticed that while making the video.
It's not true that half the billionaires live in North Florida, as Floridians will tell you Florida is broken up into 3 mega regions. South FL (Miami, Ft Lauderdale, Naples, Ft Myers, Palm Beach) has the most wealth. Central Florida (Tampa, Orlando, Daytona, Space Coast) has the second most, as it also has a lot of northern and Latin/South American money but just not to the extent that South FL does. Also its the #1 tourist destination in the country.
North FL (Pensacola to Jacksonville) is by far the poorest region of the state, resembling more of the traditional south both economically and culturally. Although that has been changing the past few years because South and Central FL have become so expensive, now people who want to move to FL are starting to consider north.
It's worse than it sounds. For whatever reason "South Florida" just means "Miami Metro Area", not the actual southern half of the state.
Nah Central 😂
@@jeffc1347 I live in Pensacola, you aren't wrong. But now Pensacola used to have $600-$800 rents not even 3 years ago. Now they're pushing $1,600 and the poverty levels have increased dramatically here. It's greed. They're hurting us locals and those who were raised here and can't afford to leave because the cost of living became so unaffordable. I'm on SSI and I'm terrified I'll become homeless when I renew my lease on my $595 trailer, landlord sold the park to a corporation.
As a native Floridian, I need everybody to go home.
Fr house prices are insane now
I was born there too. It’s far easier to move yourself than it is to convince crazy humans that they are, indeed, crazy.
Amen
"WHAT are you doin' in mah swamp!?" -Shrek
I agree. People need to stop moving here, it's making it harder for natives to afford staying here.
You get what you vote for. Sound familiar?
It's fascinating to learn about these unique financial strategies that are so far removed from the reality of the average person. It really underscores the divide between the ultra-wealthy and the rest of us. It's quite staggering how tax laws and market dynamics disproportionately favor the rich and enable them to amass generational wealth with relative ease.
The top 1% pay 46% of all federal income taxes and gets even worse for the top 5%. I’m not sure the tax code favors the rich at all because if it did, they wouldn’t be forced to flee to specific regions in the country or world to save a bit of money.
Its even more astounding since its a case of "you dont know what you dont know". All these loopholes and round about ways that people who dont have an in depth knowledge of financial institutions and tools or have a team that does is completely inaccessible to normal people either due to a lack of knowledge or lack of foundational resources. Hell most people barely understand their credit cards, never mind anything else.
@@bobcortez9471 You don't understand how proportionality or a progressive tax system works, do you?
Hint: Me taking 10% of $1,000 hurts a lot more than if I take 50% of $1,000,000,000.
@@bobcortez9471they should be paying 86% Because they’re worthless parasites.
Yeah it’s so wrong. We need laws to stop this but sadly our state legislature is completely bought out.
Tiny mistake, Miami and Miami Beach are very very different places, even if they're technically the same on a map. Billionaires are moving to Miami Beach while a trip off the highway in Miami feels like visiting a developing nation. It's The Most stark example of wealth disparity I've ever seen.
Le jeune rd I guess you’re talking about. (The poor part)
A ready supply of peasant servant labor of course.... That makes that a plus in their book
Nah man, as a Miami native people greatly exaggerate the shitty areas of Miami. South Florida has its hoods, but its nowhere like the shit in Baltimore, Chicago, Louisiana etc.
Dubai still takes the lead on that one, redrash makes a good point too.
@@Redrash12 I wasn't saying that it's a bad or inherently dangerous place (grew up near DC when Baltimore was still really bad) just the stark inequality and clear underinvestment in the areas of Miami I did see, comparatively. It's two different worlds and I imagine the divide will not be lessened by this trend.
I live in Florida, not a millionaire. But all the 1% have mansions and Mac mansions here. The cost of living is so high that Working class people are moving out and schools In my area have low enrollment. Homelessness is criminalized with a felony if you are caught sleeping outside.
Wow. I like the sounds of that homelessness law.
@@reprovedcandyWow. Some type of human you are.
@@reprovedcandy well it doesn't reduce homelessness, it just moves it/or covers it.
@@ThriftyCHNR By design
What is the worth of a place without people? Can't expect those millionaires to grow their own food and work at service jobs.
Native Floridian: "Well, there goes the neighborhood."
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They are huge fans of the GTA series and want to play GTA 6 in the real life location
Why playing a video game about being a criminal, when they can wear balaclava and organize fake or real crime
Better graphics than any PC and more immersive.
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat?
The migration to florida is going to blow up after GTA releases.
Basically weather and wealth, no surprise why Miami is expensive compared to other places
maybe even more expensive than NYC?
NYC still more expensive, i live in Orlando and i go visit family at Queens at least once a year. The thing with Florida its the inmigration. Not only people from north states are moving here and to texas, but inmigrants are also moving and getting their residencies here, making the rent and mortgages worse. Indeed, Florida will become more expensive than NYC due to the weather and wealth expansion, but that wont be soon. Maybe in 15 years, but not right now.
@@willbermudez2386 so you reckon it’s worth doing business or having a job in Florida than NYC?
@@BondTheOGYT It depends of what you do. Florida doesnt have state taxes, and our federal taxes are 7%, but we have one of the lowest incomes in the country. New York on the other hand has one of the highest incomes salaries as far as i know since i dont live there, but the state taxes definetely hurts. Life quality definetely goes to Florida. I traveled every part of Florida due to my job (real estate photographer) and its beautiful everywhere. NYC on the other hand its also beautiful in my opinion, but its not for everybody. The city its dirty and its everyone its in a hurry, but i like the fast paced living in New York. They are different.
It didn't use to be....
Florida is a real-time contemporary case study on how only the ultra-rich can survive an apocalyptic hellscape
In the apocalypse their wealth would be meaningless
? Its awesome down here.
Florida is a real-time contemporary case study on how to run a state successfully. California, NY, Washington, etc. should take notice, but they won't, cuz they're too busy being woke.
@@luisfilipe2023 The ultra-rich likely have wealth outside of cash and cash-equivalents. They may have one or more homes, cars, bunkers, etc. that they could use in an apocalypse.
@@luisfilipe2023 Absolute BS, they will be far better off than u.
Apparently Mar-a-Lago is only worth 18 million.
Because trump the fraud registered it as a country club and not as a residence, so he pays less taxes.
Wise man said, do not believe everything you see from internet or hear from a Gorilla-Boar hybrid
KING trumps home is worth what king trump want
that place is a gaudy dump. are you really surprised?
@@JP-vs1ysput up 5 hunter biden paintings and it’ll be worth double 😜
I'm sure someone else pointed it out, but Jeff bezos actually is a native Florida man. He's from Miami. I think he was born in a different state, but spent his entire childhood in Kendall until he left for college.
Hence why the news article said Amazon founder heading BACK to Miami. Usually means he’s been there before 😂
@@leonhenry4861I don't believe they said back to Florida. I just listened to the whole thing again and didn't hear them say that. What I did hear them say is that (immediately after talking about bezos) that none of the billionaires are native Florida men. Which is incorrect, bezos is a native Florida man.
I just did some research and Jorge Mas is a Florida made billionaire*
florida will be as liberal as california in 10 to 15 years.
people seem to forget that california was once the Ronald Reagan California.
The cycle has so far been identical.
Rich people look for cheap places to retire/save on tax/park their money -> they move into the city -> they make the city unaffordable for most -> the city becomes "liberal" and start taxing rich people -> they find another place to flock to
Wasn’t Reagan democrat liberal? (Looking at no fault divorce)
Basically Billionaires destroy every place they move to 😅😅.....
Hong Kong, Beijing, and Mumbai have suffered even worse from this
@@mowtivatedmechanic1172 idk if you are being sarcastic or not. If you really think Ronald Reagan was a liberal, then I have truly seen it all
@@mowtivatedmechanic1172 Liberal changed over the years in the same way Democrats used to have Republican ideals and vice versa
@@anthonypan205 Reagan was a Democrat but switched to Republican in his late 40s-early 50s. When he was a Democrat he was even president of the actors union. There are many theories as to why he switched and I won't pretend to know which ones have any validity.
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West Palm Beach (3rd on that billionaire vacation list) was a working class city but large parts of it beautiful tree lined streets are now uber expensive and trendy for the so called nouveau riche. My humble bungalow there has skyrocketed in value.
Ayeee niceee
Meanwhile the west side is the country.
Florida is also comparatively quite safer than other places (cough cough California).
"Guys the Florida coast will be under water in like 5 years!!!!!!"
ALSO
"Hey guys I just bought 5 mansions on the Florida coast"
Now you know they talk BS. It is all for money and control
lol exactly people are still getting their 30 year fixed mortgages on beachfront properties at record rates
This means those people are dumb and denialist. Or they don't care in leaving property to their kids. South Florida will be a swamp by 2060
@@KingxDavid2024not just people, but billionaires, as in actually the most informed people on Earth.
as if they couldn't just move on a whim
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How
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Thanks to Mrs Maria Davis.
She's a licensed broker here in the states
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Rich, old people having been moving to Florida for decades. Nothing really new here.
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?
nawl but he explaining the reasoning behind why
@@stereo-soulsoundsystem5070Hi how are you? Care for a chat?
Florida just got rid of alimony also
See, that should have been the lead; lot of appeal to billionaires right there.
@@epbrown01 i figured he would say that because that will bring a lot of them here for sure. I don’t live in Miami but an hour north of in ft pierce
Ah, now that's something that explains the whole migration craze
Any billionaire is already got his funds hedged away from any woman. Please.
Jeff Bezos lost quite a pretty penny through his divorce. Many disgustingly wealthy divorcess amigo
What a wonderful trend. I sure do hope none of these assets are destroyed in a tropical storm…
Love your videos brother, keep up staying true
I appreciate that
Your videos are a break after all the financial bullshit the media passes around.
You misused a comma.
@@AwesomeHairo Thanks for pointing it out.
Jeff Bezos drinking a $20 bottle of scotch was a nice touch. 😂
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?
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I live in Fort Myers Florida and most jobs don’t pay that well. I have two college degrees an associate in arts and a Bachelor of Arts in Interdisciplinary Entrepreneurship Studies from Florida Gulf Coast University from the Daveler and Kananui School of Entrepreneurship. I was told by my West African immigrant mother who immigrated to America from Liberia after my dad who also immigrated when I wanted to go for my masters of science in entrepreneurship she said the job you are looking for you are not going to get you are black.😢 I want to become an entrepreneur because I can see there are no longer going to be that much jobs. I own a Shopify high ticket e-commerce dropshipping store high ticket means I sell products over $200.00 dollars. I live in Florida and the difference between the rich and poor is night and day a lot of times you will see Ferraris Porsches and Lamborghinis . I feel that I might need to get my second citizenship in Liberia because I am of Liberian descent start businesses in Liberia get rich and then come back victorious to Florida😂😂😂😂
Exactly. Do that bro. Go back home, stack cash and come back in 20 years.
Yeah, Florida is simultaneously much more expensive than the midwest, but does not pay enough to compensate for the cost of living. Pretty disparate when you look around.
*whispers*
"Ooh I like ya accent! Where ya from?"
I'm sure the intense disparity will be handled intelligently and carefully and many hard working people won't be forgotten and left to struggle /s
The problems with NYC, San Francisco, Seattle, etc is because of the billionaires and the high earner class. When these billionaires move in considerable numbers to Florida, the same exact problems in NYC, San Francisco, Seattle, etc. will follow them. Besides the handful of high income earners, how are the average American employees like local fire department employees, security guards, teachers, nurses, family doctors, Starbuck's barista, Target employees, lawn care employees, hotel/motel employees, grocery store employees, fast food employees, restaurant employees, etc are supposed to afford living and working in Florida. The same exact problems in the big cities that the billionaires are leaving from. NYC, San Francisco, Seattle, etc are better off in the long run when these billionaires, their companies and the top 10% leave the area; and the local residents can stop subsidizing the professional sport stadiums.
I live in Massena, New York. There are no billionaires here, and high earners leave this state every day. My taxes still go to subsidizing professional sports stadiums in Buffalo, and my taxes go up every year because there are less rich people to tax with the added benefit of those taxes ensuring nobody wants to open a business where I live so my community members can find gainful employment. You are wrong.
Bruh its not like they're democrats mass moving to ruin another state
@@MADNIKstudios Actually the OC is right here. As soon as wealth flows, things become expensive. As soon as wealth flows out, everything possible is done for things, to not to, lose their value. In a truly free and fair economy, things would go down in value. But that will never happen, until the whole system collapses.
nobody competes with billionaires when it comes to housing/restaurants etc. They don't live and eat where you do.
You're assuming that building doesn't have it's own market with supply and demand forces. The problem in NYC and San Francisco is market intervention in the property market. In California especially the rules for new builds are arbitrary and onerress which keep new and different types of residents being built. The laws in this case protect homeowners over home buyers. Because a new house will in California lower the price of houses in the neighborhood via competition.
And in New York rent control has been a disaster. No one wants to build non-luxury residents in NYC because of how long it takes to reach profitablity, so now everything in the city is old and falling apart or a luxury apartment.
Long story short government intervention's unintended consequences are the problem
FYI - Ken Griffin is a native Floridian. He’s from Daytona Beach IIRC. He just built his career in Chicago.
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?
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It's the best state for people who enjoy money. That's why it's a red state and not a blue state.
Freedom too. They enjoy that
It’s not just Miami, central Florida is also exploding in wealth. Windermere, Lake Nona, Winter Park, Baldwin Park, by the University of Central Florida are increasingly becoming incredibly wealthy. It’s so much fun to show visiting family and friends tours of these neighborhoods in Orlando.
The look on their faces when they see the vast properties and houses are great 😂. Sometimes I forget how much of a bubble we live in, in and around campus.
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Centimilionaire was a new word for me, but from mathematics I was confused since centimillionaire would mean net worth in tens of thousands of dollars :D proper term would have been hectomillionaire
Centi is latin for 100. So a centi-millionaire is someone whos net worth ranges from 100$mil - 999$mil.
@@FiftyFabsactually centi is derived from the latin word centum. That means 100.
@@hansklok3564centi is just a declination of centum. Same word.
@@FiftyFabs yeah but a centimeter isn't 100 meters
@@debesys6306Sure, but the definition of a word changes by context.
This is why higher taxes on capital gains need to be enforced based the sale, not the location or home of the seller.
Its state tax, how would state A apply its tax to a resident of state B ?
That would be the federal capital gains tax, which already exists.
@@davidminear
And which is absurdly low and has several exploitable loopholes. Which is why I said “higher” taxes. But point taken.
Thanks for the awesome videos and all the amazing content!!
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat?
when the table scraps are that good .... lol
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?
Probably explains why Miami is the most miserable major city in the U.S.
It's because of GTA VI
Jeff Bezos attended Miami Palmetto Senior High School and, at one point, worked as a cook at a Miami-area McDonald's. He graduated as valedictorian of his high school class in 1982.
Can you remind me where did his parents lived?
So his parents gave him a work ethic. Big deal
A billion dollar super mansion? That's absolutely nuts.
Also only 25k centimillionaires? I mean that's still an obscene amount of money, but I still thought it'd be higher for the entire world.
There likely are a lot more, but because these people value their privacy their wealth can be impossible to verify unless it comes from a public company with reporting requirements.
actually, they’re way less. most of these people have paper wealth. if they wanted to cash out €100mm next week or next month or even next year they can’t. it’s tied up in private companies and real estate and estimated with the highest possible sale. If we talk about people who have €100mm in the S&P500 that they can sell right now, it’s probably only a few thousand.
to see how many truly have €100mm, a fair assessment in my opinion would be a number similar to the amount of people who own a €5mm+ private jet. not that many do. flying on one=/owning one
*property. The buildings are never worth as much as the property itself.
Does this mean they’ll start referring to those in FL as “coastal elites” now?
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?
I'm glad that I violate the hell out of the crossing financial lines study. All of my friends are in different income brackets, from "none" to "social security disability" through warehouse workers, tech support, up to FAANG developers who still don't make as much money as me. Makes me feel more well-rounded to not just hang out with boring rich people who don't understand "the poors".
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat and get to know each other better. May I buy you a drink or join you for a conversation?
we're too poor to know wtf you are even referring to...
Binge watched every video and now I am a subscriber!
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat?
Thank you for an entertaining and informative post.
I think it’s hilarious they’re all flocking to Florida as they destroy the climate. Which is going make Florida hard to live in lol 😂.
What does 'destroying the climate' mean? How exactly are finance and tech billionaires doing that?
How TF are they destroying the climate?
And, once all the billionaires are in Florida, we call Bugs Bunny
@@selfrighteous88By individually releasing a million times more emissions on average than the average person in the bottom 90%.
Also by generally backing and donating to cynical candidates and a certain political party that has apocalyptic fantasies and wants to barrel straight towards Armageddon.
@@unoriginalname4321 "I knew I should've taken that left at Albuquerque!"
My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice 🙏
Keeping up with news sources like CNBC could help out
Just buy when prices are low and sell when prices rise
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Buy more and hold onto it for the long term. Solana and Raydium seem good, and Dogecoin is worth considering too.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with
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bro how on earth do these people need so much money? Just goes to show how greedy humans can be.
Jobs for millions. Took 82k from multi million pot. Hardly greedy bro. Capitalist? Yes absolutely.
Personally I'm not interested in living in any place that touts itself as a "billionaire's playground." And especially not at a place that's slowly being reclaimed by the ocean.
4:30 This man must've used manscape 🤣🤣
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What happened to sea level rising? 😅
Well, they outsource that responsibility to insurance providers, and hope that the Floridian government puts up enough seawalls. If and when insurance gets too high, they'll sell.
It's not rocketing upward, it's like a foot every couple decades. If you only care about one property or city, you can just build sea walls.
Is a beach front property considered to be on the beach if it is surrround by a sea wall? There will be no beach :D
@vanyac6448 insurance companies deny coverage left and right, but they insure $100m mansions right next to a rising ocean. It's so strange.
@@AntonAtan Do you think rich people buy ferrari's because they're practical? No. They buy it because they already have their incognito normie car, their luxury statement royce or bently, and at least 1 other car, probably more though, and they get the ferrari to use for 1 week a year, maybe for a fun time. Why do you think a billionaire buys their 5th house? Similar reasons, not for practicality.
They better get them robots cranking because real working people are being priced out of the state. I am 6 generations deep here and thinking about moving northish . It really sucks watching my state go to hell.
I’m two gen deep and I’m staying. I hear ya though.
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Aye I heard that Florida could have a small real estate correction, wherein greedy developers overbuilt and overpaid for undesired apartments and there may* be a sharp decline in prices in certain areas of your state, good luck!
I live in Georgia and a lot of Floridians are moving here. I see why. Imagine a state changing all of it's laws not to help the majority but a handful of hoarders. The billionaires all seem to be going crazy.
I really do want to talk to and relate to all kinds of people, but I find one of the hardest thing to do is relate to people who live paycheck to paycheck. I used to pity those who could not afford it due to their job/disability. I used to be disappointed at those who choose to live above their means. I used to be upset at the education system for not preparing the next generation for proper finical responsibility. I am upset that the tactics used to tax the poor are common place. Most of all, I am upset that the basics needs, food, shelter, clothing, are not provided as a basic human right that we as a society can afford.
Can you afford it? Don't worry about what "we" can afford. Too many people make these proclamations about what "we" can afford when they really mean "those people". Were it legitimately we maybe some of these things would have already happened.
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@@BTrain-is8ch I really am trying to understand what you are saying. My stance is that money problems are a sociatal issue much more than a personal one. I would like to understand more, but I never had the experience so many have/had when it comes to worrying about where next rent money will come from. I want to advocate for social equality, but it is difficult if i don't really understand it from personal experiences.
@@subanark A large percentage of Americans believe they should be able to get something for nothing.
Let's take post-secondary education as an example. Lots of people on the internet that think it should be "free" but what they really mean is that most of them think their education should be funded at someone else's expense.
They say "we" can or "society" can afford it but have no intention of offering up their own money for the cause. If they were willing to put their own money on the table and are as numerous as they claim the problem would be solved and post-secondary education would be free but that's not their actual problem with the status quo.
They're implicitly signaling that these services that apparently "society" should provide are not worth their own money. However, if they don't think that education is worth their own money then how can it logically be worth it for anyone else? It can't and don't see the logical pitfall. If you're not willing to allocate your dollars to a thing to which you are essentially the sole beneficiary why would anyone else?
@@subanarkwell I do live paycheck to paycheck.
The problem is that I didn't live this life a few years ago(pre pandemic fallout tbh).
The cost of living has jumped drastically and even though I make more money now and cut back on all "fun" expenses.
I still can hardly afford to get by.
I watched the grocery bill more then double.
My phone and insurance has stayed relatively the same. However this means using the same vehicle and phone since 2019. I own them as well.
Rental prices have doubled if not tripled in the last few years.
Well it's pretty much the same story across the board on this topic.
The issue is inflation and the greed taking advantage of it.
Currently the middle class has shrunk and the top percent have been making record profit off the last few years.
The government dosen't really care to fix it unless they get something out of it. I mean look at all the funding for foreign wars and then look at what we get. Now they want even more taxes.
All while the top percent can hire people to walk around paying what they're supposed to for taxes. We can do what they do, but most don't know how to do that and are too busy to take the time to learn it.
It's a mess.
Kinda just holding out to see where it goes in the future.
If my current situation fails, then I'm going to start over doing something else.
That means going homeless and all that. However I will rebuild.
I get asked "where do you see yourself in the future or what is your goals in the future". Well I don't have a answer to that.
Struggling to get by as is and it dosen't really change how hard I try or cut back.
So maybe the next election will fix it, but my hopes ain't high on that.
Maybe it will go to a full collapse and everyone will just stop caring.
The US has turned into a strange state of affairs.
Apparently are economy is strong, but everyone in the lower class is struggling more then ever.
Yeah I don't really understand it anymore.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance but if you want to make your money work for you...prevent inflation
What are you talking about and how could this be explained?can someone please explain
How does this crypto stuff really works and how do I make I make good profit from it? I'm willing to invest in it but I need guidance so I don't lose out
Jane Roy
My financial advisor , she’s a professional and has helped many become millionaires fr
I must say crypto is the future and the way investment is the only concept that separate the rich from the poor
FYI, Ken Griffin is, in fact, a native Floridian.
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Same reason why originally the drug money floated to Miami.
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What city is that at 8:26? I thought Phoenix at first, but the mountains/skyline look wrong.
Even GTA will be in Florida I mean Leonida.
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2:15 this is actually a good thing Florida has done
Yeah idk cause that will incentive wealthy people to buy tons of real estate in FL, driving up the prices for regular people.
I like the principle, but it seems to have had some negative (unforeseen?) consequences.
if it was made for regular floridians, they should have set a cap on the property value
I’m glad I’m closing on my property next month. Hopefully Florida drops Property taxes and just uses sales tax.
Well we can trick the system 😂 buy an expensive house in good location become bankruptcy and got the house sell it later for profit 😂
Ken Griffin is a native Floridian. Was born in Daytona Beach and went to high school in Boca.
Glad I moved to FL. I got the homestead exemption after my first year. Property taxes drop to zero once a certain threshold is met.
Well explained.Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject .....Thanks to Ms Laura Ferguson, the lady you recommended.....
Indeed investment has liberated a lot of families out of poverty, I recommend it to every bread winner out there.
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I'm surprised you also trade with Laura Ferguson, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
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We need to get rid of income tax. I would be ok with taxes on purchases and businesses. Not personal income tax.
Thanks
Told ya
1:42
People with over $100M each are better called hectomillionaires.
Hey, I want to start investing but don't know where to begin. Any advice or contacts for help?
It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.
Talking to an expert like Meltem Demirors to reshape your portfolio is a smart move.
Same, I met Mrs Meltem last year for the first time at a conference in Manchester, after then my family changed for good. God bless her 💯
Investing $15,000 and received
$174,000
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In the longterm this is good for Seattle. 8:31
I thought the homestead bankruptcy exemption was really valuable. I appreciate you mentioning that not that many people bring that up. That was a big deal for OJ Simpson one of the reasons he moved to Florida over California where he was living. Iowa where I'm out of also has the same type of homestead bankruptcy exemption. It's based on acreage and that dollar dominated asset. I see it as a hedge against inflation/ depression in the realm that you can liquidate your assets and lose your business and all these other things. But you know you'll have a roof over your head. I live in a low cost of living area and an owner occupied duplex. The rent from my other unit covers my housing expenses. So for all intents and purposes I live for free which is pretty awesome. And then I know if I go bankrupt or someone tries to cancel me etc. I can keep a roof over my head for the rest of my life but I bought my property for about 100 Grand in my twenties and it's my forever home. You make some awesome videos and this was another one 🙂
That's why OJ Simpson moved there
Ken Griffin is actually a Florida native 🤦
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I think the main difference between Southern Florida 10:13 and San Francisco is that Flordia is building more houses, which means more people can move there.
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That's crazy when you cut taxes to zero and inheritance taxes to zero you get a real estate conflict. It could drive up the cost of living to the point where say millionaires can't afford it. That's a level of analysis that is upper level that tax collector accountants can't comprehend. They don't understand the functionality or secondary economic effects of tax policies. If you're a millionaire you can't afford your healthcare if you get stuck in a hospital. the healthcare can be super expensive in florida but they may give an estate tax break but your going to go broke in healthcare before you need it. but if you're billionaire, you have plenty for health relative to taxes. I can't stand lawyers and accountants and idiots in finance because they're dumb. The only know what's on the paper.
ad ends at 4:32
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You are so beautiful 😍 😊
@@victorbaird8220where are you from?
*Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Mylah Evander the lady you recommended*
That is true my dear! Investment is the best idea presently and without it, human struggles are worthless.
I had no luck in digital assets, I actually invest myself but profits aren't as expected,,,
No doubt!! I never knew Mylah Evander had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
Mylah totally changed my life for good. I have come across individuals but none is as honest as she is. So surprised you know her too.
Is there anywhere I can get across this woman for a startup???
How do Florida, texas and Tennessee manage to be low tax states but high tax states like keep raising taxes and their major cities are horribly dysfunctional.
Many retirees are leaving Florida and heading to the Appalachians especially West Virginia because they can’t afford rents and cost living has sky rocketed. Consequently, West Virginia residents aren’t too happy coz housing prices are going up. I live in SF Bay Area what’s happened here has been shipped to Florida and 3 yrs ago a work colleague relocated to Florida coz she stated that it was cheaper now she’s worried that the same issues she was trying to get away from have followed her to Florida.
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Hopefully that means she’ll leave Florida . I like californias but hate how their salaries have driven up the market here.
Florida: Where even billionaires need a vacation home for their vacation homes. 😂
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While there are reasons to question our philosophy about individualism and who is deserving of what, starting a company, no matter how successful it becomes, isn't all luck and luxury. Yes, you need some luck to make billions. However, whether you make billions or you fall flat, starting and growing a company isn't easy.
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This is why it would be so important to update FEDERAL capital gains tax law. Because billionaires are happy to live in different states and drag their companies with them but they simply don't have the same qualified workers or the same safety and lifestyle guarantees in other countries.
I forsee florida becoming a generaly more hated place globaly in the future, just a gut feeling.
I live in south Florida and I can’t wait to leave
Bet! Wanna sell me your place?
Good riddance
Hello there! My name is Deweese and it's truly a pleasure to meet someone as captivating as you. Your grace and charm have already brightened my day. I couldn't resist coming over to say hello. I am one of the Grandmaster of the Illuminati. You have been chosen to become a member. With multiple rewards and prices.. I hope we can chat? Are you feeling good today?
Congratulations Washington! You got greedy and now he left so you get nothing 😂
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The new Swisterland 😂
FL property tax exemption for seniors?
Thank DeSantis
As Miami native born and raised in dade county Bruhh we got to many people down here 😂 yall seen the traffic right? Lol
It sounds like Florida is an excellent place to make connections.
Florida is amazing! I absolutely love living here. No state income taxes, low fees, business friendly and a right to work state.
.....typing this while i sit by my pool while the breeze blows though the palm trees.
Yet $1 of every 3$ the Florida government spends comes from the Federal Government. So, you live on handouts coming from other states where decent people pay their taxes. I would have had more respect if Florida didn’t live on other people’s money
I’m inside looking at my pool while the rain pours down 😂. Florida weather. Very bipolar
*My husband and I net-worth was $35,000 March 2024. Just hit 342k this week. It's a testimony I must share in all platforms* 🎉🎉🎉
Where did you invest? I'm just trying to learn where or how do I begin so I can start the journey of compound interest. I am 54 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don't understand what that means
I think I'm blessed if not, I wouldn't have met someone as spectacular as ma'am Laura Lynn 😊
her transformative power of trading is remarkable. Despite being a medical doctor by profession, I've found that copy trading generates higher income for me without the need for direct involvement in trading activities
🙄Omg! what a coincidence
For the last mnths, expert ma'am Laura Lynn has made impact on my financial and actual quality of life than any other job
Long story: Watch the video
Short story: the billionaires all played GTA Vice City and fell in love with Florida
A someone who lives down here - they can have it. I used to love living in SoFlo. I hate it now. Absolutely hate it. The traffic rivals the largest cities in America. People are rude. The culture is all over the place. Oh!!! And the worst part - there is trash literally everywhere. All over the sides of the roads, parking lots, beaches, there is trash/litter everywhere. It's maddening. Nowhere else in the US is it this dirty. I promise you. It's just kind of crappy. It doesn't smell like piss like NYC does, but it's dirtier somehow.
1:05 "Cracking down on wealth". Where you proceed to show that corporations are paying 1% in taxes. What a joke.
bro that is net wealth tax
being taxed anything for simply existing seems harsh. I'd prefer taxing people properly while they're earning it..
@@reprovedcandy Income tax is theft.
All income and property tax should be abolished. Should just be country wide sales tax. The more you spend the more you pay. The more you make the more you can spend.
@@reprovedcandy Income tax is theft.
Ah yes, the problems with states. They can compete for the wealthiest individuals and companies. Making everything worse for everyone else. Sure, no income tax, but inflation from money supply increase does the same thing as taxes: decrease spending power.
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Sounds like a damn fine argument to federalize all taxes, that are then be redistributed to each state according to how much was collected from them.
Then again, that would still leave the same loophole just with ultra rich fleeing to the least regulated nations instead. The problem is that we live in an increasingly globalized world where people can more easily than ever in history do business in one place while living someplace else entirely.
Awesome video! Just wanted to share some personal insights:
Ken Griffin is most likely here just to buy up and build out his personal real estate portfolio. Citadel who just moved their "headquarters" to Miami in 2022 is "not looking to expand their Miami location at this time" according to what their recruiters told me a few months ago. A lot of big tech has also said they'd move down with jobsand whole campuses for years, but they never do outside of some sales offices. It's all in the personal tax benefits for their owners/executives imo.
The homestead exemption probably isn't a huge factor, as it does require living in it for 40 consecutive months and seems to have other less than ideal nuances (limits on property size, etc). I think the Bang energy CEO might've been unable to claim the homestead exemption, or I could be misremembering.
For the exemption you just need to list it as “primary residence” IE your mail service goes there.
Ahh good point, it's limited to the primary, I forgot that part. There is still the 40-month rule for home values over $290k though, but that's not as hard to meet if it's actually a primary residence.
There do seem to be acreage limits though (unless it's out of city limits where it's practically unlimited at 160 acres), from what I'm reading.
Billionaires having super mansions are not why housing costs are going up. Zoning laws and working from home/mass immigration are the primary causes. These both corelate to limited supply and higher competition. Billionaires don't live near you, and there arent enough of them to really make a dent in overall housing costs. The exception is a real estate based multi millionaire who buys out houses.to rent though third party companies.
Safe heaven from Tax and storage of infinite money safely.
That is the only reason Florida, Switzerland, Panama are first choices of rich people!
This results in corruption worldwide because of these safe heaven!
Are they a safe heaven for middle class too?
i love the fallout reference 💙💛
My city of 150k has at least 8 billionaire families based here, and another 3 to 5 who have it as a secondary hub/are only 30 minutes out of town. We do a lot of research, be it medical, financial, engineering, physics, data sciences, programming, etc. I think billionaires are MUCH more common than people assume, there are trillionaires out there. Half of the billionaires in my midwestern US town are dynastic european wealth, with titles and everything, so their money isn't disclosed. And another owns the bank (private local bank), and has an enormous trust fund (managed by their bank which they chair and are CEO and CFO of), so the family bank alone is worth over a billion, and they have other ventures. But we're not even the only spot like this, there are at least 3 other cities in my state that are similar. Billionaires are everywhere, and most of them prefer to live out of sight, so they don't disclose their wealth.
By billionaire families do you mean a family with several multimillionaires? Or where someone is a billionaire
@@DrGandW Both, but generally the family has a billionaire as an individual, and a trust fund of a similar size for the rest of the descendants. One of the Lehman Brothers moved out here in 2014, 30 minutes outside of town.
There are 2,781 billionaires worldwide out of a little more than 8 billion people. There are only 813 in the USA out of a little over 400 million people. You might need to reevaluate your understanding of the word common.
@@jimk8520and billionaires tend to be near other billionaires. So it’s not rare so much as you live in a place where most of them congregate.
I live in DC, I could say I live in a city with a lot of rich politicians and high ranking military officials. However that doesn’t mean that rich politicians or high ranking military officers are common on a national scale.
@@Michael-pi8ps Ok, there are 449,000 people living in Miami metro and yet there are only 73 billionaires there. That distinctly makes it uncommon even in that city.