Alphabet is strategically expanding its operational footprint outside of California in response to proposed wealth taxes on billionaires.

"Alphabet, the parent company of Google, signed a lease expanding its existing 10,000-square-foot satellite office in Miami's financial district by an additional 45,000 square feet... The expansion was driven in part by the recent home purchases in the area by Google co-founders Larry Page and Sergey Brin – two billionaires who have bought homes outside of California and relocated business entities out of the Golden State as voters weigh a billionaire tax on this fall's ballot."