"I just felt like education, healthcare, all the things I care about that equalize society, were not being paid attention to [in Florida],"
"I still think that California does a better job on those things that matter."
"That idea is a myth, an empty threat constantly laid down by millionaires across the country looking for a way to discourage state lawmakers from raising their taxes,"
"California's higher taxes on wealthy people like me are exactly what makes it the kind of state I want to live in."
Dave Nixon moved from Florida to Pasadena in 2022 seeking a community more aligned with his values. He belongs to Patriotic Millionaires, a group advocating fairer taxation, livable wages, and equal political access. The 2026 Billionaire Tax Act would impose a one-time 5% levy on residents with net worth of at least $1 billion. The measure is projected to raise roughly $100 billion. About 90% of the revenue would support health care programs, with the remainder allocated to education, food assistance, and a reserve fund for tax administration. Nixon rejects claims that higher taxes will trigger wealthy flight.
Read at Fortune
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