From the Editorial Board: With its beaches, sunshine and nightlife, Miami is a fun place to visit. Why financial companies so badly want to relocate to South Florida , however, is a bit of a puzzle to us.
The upscale shopping experience in the Design District neighborhood on July 15, 2022, in Miami. During the COVID-19 pandemic, Miami mainly remained open as the rest of the U.S. was shutting down, leading to thousands of people relocating to the area.
Florida has no personal income tax, low corporate taxes and far lower property taxes than Chicago or Cook County, a difference made starker by Donald Trump’s 2017 federal tax law that capped deductions for state and local tax payments. For Griffin, who spent a fortune defeating a proposed Illinois tax increase on the rich, the tax differential no doubt matters.
We give Miami a lot more credit than that. People yearning for warm weather, work-life balance and beautiful vistas can indeed find them in Miami. Along with those lower taxes. Everyone knows about Miami and its hurricanes, and this year’s Atlantic season is just getting underway. Storm surges from a direct hit could overwhelm sea walls and put billions of dollars of Miami real estate under water.
But the investment in adaptation is overshadowed by the investment in new, vulnerable real estate. To a disturbing extent, much of Miami is a house of straw, and everyone knows what happens when the big, bad wolf comes to the door.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chanel to Present Cruise Collection in Miami.CHANEL will present its cruise 2022 collection in Miami during a fashion show that will take place Nov. 3.
Baca lebih lajut »
Former NFL player Damon Arnette arrested in Miami BeachThe troubled ex-NFL player was booked on multiple charges when police found a “white powdery” cocaine-like substance in his pocket.
Baca lebih lajut »
DeSantis seeks to punish Miami restaurant with drag shows attended by kidsGov. Ron DeSantis is applauding a move by the state agency that regulates Florida businesses to investigate a Miami restaurant and bar that hosted 'sexually explicit' drag shows attended by children.
Baca lebih lajut »
GTA VI could finally let you blow up Miami as a woman in 2024Can Rockstar write women? We’re about to find out.
Baca lebih lajut »
Former NFL player Damon Arnette arrested in Miami Beach: reportThe troubled ex-NFL player was booked on multiple charges when police found a “white powdery” cocaine-like substance in his pocket.
Baca lebih lajut »
Soulja Boy Calls Out Charleston White for Pepper Spraying in MiamiSoulja Boy and conservative YouTuber Charleston White tell different versions about their violent run-in in Miami ... but both parties agree it involved pepper spray, and SB got the worst of it.
Baca lebih lajut »