Episode 19
Miami, Mamdani, and the War over Wealth
Published on:
10th July, 2026
Are the ultra-wealthy playing a high-stakes game of dodgeball with American cities? As states float the idea of heavy wealth taxes, billionaires are increasingly moving their addresses—and their yachts—to tax havens like Miami. But does this wealth migration spell doom for blue cities?
In this episode of It Turns Out, Kara sits down with renowned urban scholar Richard Florida to decode the new geography of extreme wealth. And Florida explains why politicians like NYC Mayor Zohran Mamdani - who famously picked a fight with billionaire Ken Griffin - may herald a new progressivism, an era in which the pendulum swings against the Trumpian embrace of mega fortunes.
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