Billionaires are leaving California and other West Coast states for Florida. That is not new.
But a new Fortune magazine analysis published Sunday raises a more interesting question for Miami: How much of the billions being moved by these new residents is benefiting South Florida?
Fortune estimates that the migration from California of some of America’s richest people could cost that state $29 billion that could have been collected from billionaires under California’s proposed 5% tax on billionaire wealth…