Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Miami’s low-tax revolution: a blueprint for global growth

by March 4, 2025
March 4, 2025
Miami’s low-tax revolution: a blueprint for global growth

Scientists have long warned that parts of Miami Beach could be submerged by rising sea levels by the middle of this century, threatening thousands of properties.

Yet, against the odds, the Florida city is enjoying a boom. Businesses, entrepreneurs and billionaires are flocking to the Sunshine State, drawn by its pro-growth ethos, minimal taxation, and support for enterprise.

Miami’s temperate climate and relaxed pandemic restrictions have played a part, but many say Florida’s real allure lies in its generous business environment. It has no state income tax, imposes a relatively modest 5.5 per cent corporation tax, and leaders such as Governor Ron DeSantis and Miami’s Mayor Francis Suarez have consistently touted their state’s welcoming approach to investment. In a country otherwise led by President Trump, Miami’s business-friendly stance is often described as a continuation of his low-tax, high-growth philosophy.

This strategy of encouraging inward investment appears to be paying off handsomely. Florida’s economy expanded by nearly 22 per cent between 2019 and early 2024—twice the national rate—with an influx of new residents boosting its population growth. High-end house sales over $1 million have soared, reflecting the arrival of affluent buyers. Ken Griffin, the billionaire founder of Citadel, shifted his hedge fund from Chicago to Miami, spending a record $107 million on a four-acre estate. Paul Singer of Elliott Management and financial giant Blackstone are also rapidly expanding in the city.

Mayor Suarez has gone further by courting Saudi Arabian investors, keen to open a new office in the city. The willingness of Florida’s government to strike tailor-made deals is exemplified by Disney World’s special tax district—significant even after high-profile spats over social policies. Sam Bidwell at the Adam Smith Institute says Florida’s tax approach, which focuses more on sales than income, has fewer negative impacts on economic behaviour.

Still, Miami has its shortcomings: its population is only around 456,000, making recruitment a challenge, and the city’s 2.4 per cent unemployment rate—half the national figure—reflects a tight labour market. Some business ventures do clash with politicians, as Disney found out when it cancelled a planned $1 billion corporate campus amidst a row with DeSantis over education policies.

Yet for Britain, currently grappling with sluggish growth, Miami’s economic ascent raises questions about how to attract—and retain—investment. Rising numbers of high earners have been leaving the UK, taking their capital elsewhere. Eddie Trump, a real estate developer who shares a surname but no familial link to President Trump, believes Florida’s tax regime and enthusiastic pro-business culture are key: “I think most people come because it is very much a welcoming society for business.”

As Britain’s policymakers weigh the pros and cons of different fiscal strategies, Florida’s example provides a compelling case of how low taxes, lean regulation and an accommodating attitude toward enterprise can spur an economic boom—even in areas facing significant environmental challenges.

Read more:
Miami’s low-tax revolution: a blueprint for global growth

0
FacebookTwitterGoogle +Pinterest
previous post
UK’s gender pay gap reverses as young women out-earn men amid ‘crisis of masculinity’
next post
Tech careers appeal more to SEND students, new survey finds

You may also like

How To Enrich Your E-Commerce Store Functionality And...

March 10, 2023

Amazon workers in Coventry announce seven more days...

February 14, 2023

Metaverse Tokens Skyrocketed. Is There a Correlation With...

July 29, 2022

UK tech entrepreneur warns of impact of fake...

May 19, 2023

Almost 70% of Brits want the retirement age...

September 1, 2023

Estée Lauder to axe up to 7,000 jobs...

February 6, 2025

Ground-breaking UK Export Finance deal secures huge investment...

November 22, 2023

Reform UK under scrutiny over authenticity of election...

July 9, 2024

Instagram Branding Tips for Small Restaurant Owners

June 11, 2024

Shakespeare’s Globe Theatre feels the impact of Tourist...

August 7, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved