Jason Calacanis

He bought a condo in Surfside.

Yes.

There was an opportunity to buy a $44 million condo in Surfside.

He couldn't pass it up.

It just happened to be on the same day that they passed a millionaire tax.

I think that state politicians on the West Coast are very ineffective and not very smart.

Nick, there's a tweet that was published, I think maybe it was an infographic, that showed net migration rates of every single state.

for 2025.

Washington is a few months behind California in trying to enact these stupid taxes.

And the reason they're stupid is these kinds of things don't work at the state level.

And we know what it's already done in California because the Hoover Institution just published something this morning.

And it's a complete indictment of what the billionaire tax was trying to do.

And by the way, this billionaire tax is only polling

Right now, 25% of the votes it needs.

So maybe it'll find a way to get on the ballot.

And then even then, it'll have an uphill climb to get voted in.

But look at the destruction that it has done in California by just announcing it.

The Hoover Institution basically ran this Monte Carlo simulation.

They ran 100,000 runs.

And in 71% of those runs, it comes out with a negative NPV.