> What you probably meant to say is "There seems to be more lawlessness in FL than usual" which I would definitely agree with you.
This itself is interesting enough.
I've been on the inside of a few risk management systems, with hundreds of signals feeding into a scoring product.
Invariably, and justifiably from the data, there is a "Florida rule", which affects the user's final risk score by a few percent.
This is mostly old-school deterministic stuff with manual weighting, tweaked over years of time by people far away from (and with no particular opinions about) Florida. The newer mystery box AI stuff, trained on many years of data, also shows the same bias!
No doubt there is. The new story (and a story probably on-topic in the context of this discussion) is the quantity of financial arbitrage firms who have lately been relocating their employees and headquarters _to_ Florida.
Florida has no state income tax and has a homestead bankruptcy exception. Two huge reasons for high-risk traders to prefer living there.
Under Florida bankruptcy laws you are allowed to exempt an unlimited amount of value in your home or any other property which is covered by the homestead exemption.
Buy a $50 Million house. Fill it with expensive art. If you lose everything, at least you still have your $50M house filled with $500M in Artwork to fallback on.
This is why. It's a tax, retiree's, high-risk trader's, haven. The Florida bankruptcy laws are so lax that people often file multiple times throughout their lifetimes. And still run for president. /s To quote a man behind bars for attempted murder and was on a Netflix series - Florida's favorite - Tiger King: "I'm never gonna financially recover from this." is something you hear often in Florida. Both from visitors, and from residents.
This itself is interesting enough.
I've been on the inside of a few risk management systems, with hundreds of signals feeding into a scoring product.
Invariably, and justifiably from the data, there is a "Florida rule", which affects the user's final risk score by a few percent.
This is mostly old-school deterministic stuff with manual weighting, tweaked over years of time by people far away from (and with no particular opinions about) Florida. The newer mystery box AI stuff, trained on many years of data, also shows the same bias!
I'm sure there's a story in this data.