"California may be losing two of the state's most famed residents and generous political donors. Filmmaker Steven Spielberg recently moved to New York and Facebook co-founder Mark Zuckerberg is eyeing purchasing a new property in Florida, stirring speculation about whether their decisions are tied to a proposed new tax on California billionaires to fund healthcare for the state's most vulnerable residents."
"On Jan. 1, Spielberg and Capshaw officially became residents of New York City, settling in the historic San Remo co-op in Central Park West. The storied building is among the most exclusive in Manhattan, having been home to Bono, Mick Jagger, Warren Beatty, Tiger Woods and many other celebrities. On the same day, Spielberg's Amblin Entertainment opened an office in New York City."
California may lose two prominent residents and donors: filmmaker Steven Spielberg and Facebook co-founder Mark Zuckerberg. Spielberg and his wife Kate Capshaw became residents of New York City on Jan. 1, settling in the San Remo and opening an Amblin Entertainment office there, citing proximity to children and grandchildren. Zuckerberg and his wife Priscilla Chan are considering a $200-million waterfront property in South Florida. Speculation has arisen that a proposed wealth tax on California billionaires to fund healthcare motivated relocations, but neither Spielberg nor Zuckerberg has indicated the tax drove their moves. Some conservatives explicitly cited the tax and regulatory climate as reasons for leaving.
Read at Los Angeles Times
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