
Miami, Florida Michael Milken turned Los Angeles into a finance powerhouse, gathering dealmakers for his infamous Predators’ Ball and then later pairing policy wonks with big money for his annual conference. Now he’s headed to the latest power base for U.S. financiers and politicians: South Florida. The income tax-free, palm tree-lined oasis is where New York’s ultra-wealthy have long decamped for the winter, but are increasingly making their permanent home.
Main Idea: Michael Milken is moving his power-networking event from Los Angeles to South Florida, showing how the area has become a new center for the ultra-wealthy and political influence.
Key Points:
Milken’s elite Florida gathering could deepen the gap between wealthy financiers and ordinary taxpayers, since policies may tilt toward low taxes and special access.
The event could bring jobs and spending to Florida hotels, restaurants, and service workers.
Rate how each entity in this article affected the American people.
Named figure central to the article’s focus on his role in assembling wealthy power brokers and hosting the.
Mentioned as the setting and destination of the gathering, but not acting as a public entity in the.
Identified as the newer power base and location of the gathering, but primarily a geographic setting.
Mentioned in describing where ultra-wealthy residents are decamping from, as background location context.
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