Benzinga and Yahoo Finance LLC may earn commissions or revenue on some articles through the links below.
david nixon He didn’t move to California for the beaches or the burritos. He moved because, in his words, Florida stopped paying attention.
“I felt like education, health care, all the things that matter to me and that equalize society, were not being paid attention to (in Florida),” Nixon told Fortune magazine. .
Nixon, a former health care executive and member of the Patriotic Millionaires, packed his bags in 2022 and headed to Pasadena, California, where, he says, those stocks still get the funding and attention they deserve. “I still think California does a better job on the things that matter.”
Don’t miss:
Nixon isn’t talking about political vibes or tax benefits. He’s talking about infrastructure. In his view, two critical systems, education and health care, are not only underfunded in Florida. They are neglected. While the state may have sunshine and no income tax, he believes the long-term cost comes from what is left behind.
And the numbers back up at least some of what he says.
California currently spends about $18,020 per public school student each year. Florida? Around $12,415. Even with the lowest cost, WalletHub’s 2025 rankings place Florida at 21st in K-12 quality, while California lags behind at 30th.
But Nixon doesn’t focus on test scores. It is focused on what that money represents: priorities. And when it comes to total investment in education, California committed more than $133 billion in K-12 funding for the 2024-25 cycle alone, more than the entire annual budget of many states.
Trend: Historically, the Arrived Home Private Credit Fund has paid an annualized dividend yield of 8.1%*, providing access to a pool of short-term loans backed by residential real estate with just a $100 minimum.
In higher education, the contrast is starker. US News & World Report ranks Florida No. 1 in higher education statewide thanks to low tuition, high graduation rates and minimal student debt.
But California has bragging rights when it comes to prestige. Three of the best public universities in the country (UC Berkeley, UCLA and UC San Diego) are located in the Golden State. Only Berkeley holds the public number one spot on Forbes’ 2025 list.
In the same Fortune interview, Nixon criticized tech billionaires like the co-founders of Google. Sergey Brin and Larry’s Page for fleeing California’s tax policies, calling its measures “disgusting and greedy.” He argues that California’s public systems (education, health care, innovation) created the same wealth those billionaires are now trying to protect by leaving.
Health care, for Nixon, is the second pillar of the measure. While both Florida and California face affordability challenges, California generally ranks higher in access and quality on national scorecards.
A national West Health-Gallup poll found that 47% of Americans are worried they won’t be able to afford health care in the next year, reflecting widespread fear that transcends state lines. These concerns aren’t limited to the uninsured or unemployed: They affect middle-class families, retirees, and even people with solid business plans who are squeezed by rising premiums, surprise bills, or shrinking networks.
See also: This investment firm leverages expert insights and a 2.40x net equity multiple to help accredited investors capitalize on 2026 multifamily market trends.Read the full forecast now.
Nixon may have chosen California because he believes the state is doing better on access to health care, but he’s not the only one sounding the alarm. Across the country, many Americans feel that the system, regardless of ZIP code, is broken. And when health care becomes a stressor rather than a safety net, it’s not just a matter of policy. It’s personal.
Of course, not everyone shares Nixon’s approach. Many wealthy people are moving in the opposite direction: abandoning California for Florida to escape income taxes and estate levies. But for Nixon, the trade-off isn’t worth it.
The state-level fight over taxes, education and health care is not new. But Nixon’s move gives it a sharper edge. He did not simply vote with a ballot. He voted with a U-Haul.
Not everyone has the means (or the desire) to reposition themselves in public policy. But Nixon’s move taps into a broader trend: People are reevaluating not only where they live, but also why they live there. For those who want exposure to thriving real estate markets like California’s without buying a million-dollar bungalow or uprooting their lives, platforms like Arrived offer a lower-risk entry point. With as little as $100, anyone can buy fractional shares of rental properties in cities they believe in, even if they don’t live there or love the local tax code.
In other words: You don’t have to move to Pasadena to earn rental income in Pasadena.
Read next: Why billionaires like Warren Buffett prefer real assets over speculationInstitutional real estate is now accessible to individuals
Building a resilient portfolio means thinking beyond a single asset or market trend. Business cycles change, sectors rise and fall, and no investment performs well in all environments. That’s why many investors are looking to diversify with platforms that provide access to real estate, fixed income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it is easier to manage risk, capture consistent returns, and create long-term wealth that is not tied to the fortunes of a single company or industry.
fundraising
Fundrise has over a decade of experience managing billions in private markets for hundreds of thousands of clients. Its venture capital offering allows individual investors Gain exposure to private technology companies with low minimums, diversified holdings, and a long-term focus on growth ahead of public markets. For investors looking to expand beyond stocks and bonds, Fundrise offers an easy way to diversify into private technology companies starting at just $10.
Radical AI
Rad AI’s award-winning artificial intelligence technology helps transform data chaos into actionable insights, enabling the creation of high-performing content with measurable ROI. Its Regulation A+ offering allows investors to participate in $0.85 per share with a minimum investment of $1,000, providing the opportunity to diversify portfolios into early-stage AI innovation. For investors seeking exposure to the rapidly growing AI and technology sector, Rad AI offers the opportunity to enter the early phase of a data-driven growth story.
Arrive
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes from as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
luminous stone
Lightstone DIRECT provides accredited investors with direct access to institutional-grade real estate, going beyond typical crowdfunding platforms. By eliminating the middleman, it aligns the interests of investors and managers while providing exposure to a more than $12 billion portfolio spanning multifamily, industrial, hospitality, retail, office and life sciences properties. This approach allows investors Diversify your portfolios across multiple property types and marketsgaining professional-level real estate exposure without the fees or misalignments common on other platforms.
Domain
Domain Money Helps Professionals and Households Earn Over $100,000 Take control of your finances with personalized guidance led by CFP professionals. By offering personalized financial planning, Domain enables users to make smarter, safer decisions regarding investing, retirement, taxes, and overall wealth strategy.
Masterpieces
Masterworks allows investors to diversify into blue-chip art, an alternative asset class with a historically low correlation to stocks and bonds. Through fractional ownership of museum-quality works by artists such as Banksy, Basquiat and Picasso, investors gain access without the high costs and complexities of owning art directly. With hundreds of offerings and strong historical exits from select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification.
Bam capital
BAM Capital offers accredited investors a way to diversify beyond the public markets through institutional-grade multifamily real estate. With more than $1.85 billion in completed transactions and guidance from Senior Economic Advisor Tony Landa, the company is targeting long-term revenue and growth as supply tightens and tenant demand remains strong, especially in Midwest markets. Its income-focused, growth-oriented funds provide exposure to real assets designed to be less tied to stock market volatility.
Image: Shutterstock
This article Millionaire who left Florida because ‘no attention was paid to education, health care…’ says California ‘does a better job’ originally appeared on Benzinga.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.