Starbucks Founder Moving to Florida After Washington House Passes Bloated Income Tax
Washington’s House passed a bill imposing a 9.9% income tax on annual income over $1 million.
Starbucks founder Howard Schultz announced plans to move from Washington to Florida on the same day the state’s House passed a major new income tax.
Schultz’s post did not mention the new income tax, and I imagine the couple has been planning the move for a while, since moving is not easy, no matter how much money you have.
But announcing it on the same day that the state’s House passed a new income tax? Yeah…I don’t believe in coincidences.
The Wall Street Journal reported that Schultz snatched a $44 million penthouse in Surfside, FL.
Washington’s House passed a bill imposing a 9.9% income tax on annual income over $1 million.
Schultz is worth around $6.6 billion.
The bill has to pass through the Senate before Gov. Bob Ferguson signs it into law.
But the Democrats control all three, so yeah, the new income tax will happen.
Schultz’s announcement also comes after Starbucks decided to open a corporate office in Nashville, TN.
The company insisted that Starbucks will keep its headquarters in Seattle, WA.
Tennessee offers Starbucks a friendlier business environment:
Additional details about the Nashville office were shared in an internal email sent to employees by Starbucks Chief Supply Chain Officer Sanjay Shah. In the message, Shah said Starbucks aims to expand in the central United States, the South and parts of the Northeast by adding sourcing operations teams in the Southeast, where the company will have access to a strong workforce and be closer to key suppliers.
Workforce commentator Thomas Fellows said it makes sense for the company to expand in Tennessee, where, like Washington, there is no state income tax. He added that there are other advantages.
“There’s going to be a lower cost of living and lower salary expectations,” Fellows said. “I think the CEO has to do something drastic because the stock price is down 13% over the past year.”
I do not think Starbucks will ever leave Seattle, but it wouldn’t surprise me if the Democrats keep passing these crazy taxes and regulations.
This is the third story we’ve published regarding wealth fleeing a blue state for a red state.
Yahama will leave California for Georgia. ExxonMobil wants to make Texas its legal home.
Now, Schultz is moving to Florida, while Starbucks is opening corporate offices in Tennessee.
Democrats are too full of themselves to notice the pattern that has snuck up on them for years.
You’d think they would have learned after Elon Musk moved Tesla and SpaceX to Texas.
[Featured image via YouTube]
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Comments
doesnt mean hes still not a socialist
just a limo lib type who doesnt want to pay the piper
and the people who move to red states bring their animosities with them
looks like texas is finding that out
Yes, these “hot shot” democrats, many who support the officials and criminals, don’t change their voting habits when they move to a conservative state.
IF they continue voting for democrats who institute these stupid processes, sooner or later it will come back to hair them wherever they move (and create more havoc for the rest of us.)
HYPOCRITE!!!
Howard Schultz is as progressive as they come so of course he doesn’t want to pay for his values. He wants you to pay for his values.
Liberals and Muslims both want to leave their shit holes, and both promptly try to do the same where they settle.
John Nolte of Breitbart called these wealthy Leftists “political locusts,” which describes them perfectly. They have supported causes that are destroying the states in which they reside. When their arses are going to get bitten by the causes they supported they flee, probably to do the very same thing in their new domiciles.
They are kinda running short on new places to go. I’d be more worried about the 2nd generation and beyond heirs of these founders. These privileged people are dangerous b/c they seek a public indulgence for their inherited wealth/power by virtue signaling support of disastrous policies for ordinary Citizens that they can insulate themselves from with enough money.
Or the ex-wives. Consider Bezos and Gates ex-wives and Job’s widow. All AWFULs. All with billions. All donating to wacko progressive charities, politicians, and endeavors.
My assessment is that for these ultra-wealthy, billionaire divorcees/widows, lavishly donating to leftist/Dhimmi-crat organizations and causes is their narcissistic and self-congratulatory way of assuaging their guilt, regarding their wealth. They can comfort themselves with the fiction that they deserve all of that unearned wealth (the product of divorce settlements or a will bequest), because they allegedly are oh-so virtuous and support all the allegedly noble/righteous sociopolitical causes.
Yep. Same dynamic as the heirs; they have feelings of guilt about the wealth they didn’t earn. Doesn’t matter if the ‘guilt’ is real, imagined or merely performative whatever the motivation the result is sending payments to lefty causes and backing horrible policies that hurt average people.
I think you are over estimating. Liberals use the government’s money- not their own to influence.
They only use their money in much smaller amounts to bribe and buy off the government officials to secure the money. Washington State has been pay-to-play for decades.
Washington State’s constitution forbids state income taxes. Good luck with seeing that law pass constitutional muster. If the State Supreme Court validates it there will be a mass exodus. My daughter, son-law and grandkids included. I know a lot of people who make a million or better in the Seattle area. You can bet they will move too.
But how will they vote when they move? Maybe they vote R and it’s just useless in WA but maybe not.
How they vote as individuals is irrelevant. To whom they make political contributions is very important.
The men vote R, the girls vote emotionally. Move to a red state and the girls will begin to vote conservative after a year.
As one of those who moved… and know many more who want to move. We all vote R.
Now my social bubble is a reflection of me and following COVID, I put a social brick wall between me and every liberal/leftist. However I don’t know of many moving who didn’t vote against it.
Almost- My entire social circle in my new red state home is refugees from Wa and Ca. We are all hard conservative. My daughter’s algebra teacher just arrived from CA… not part of our social circle.
Incidentally my daughter’s science teacher is a TN native and she’s a leftist …. or so my 14 year old daughter and my wife are convinced as she’s a condescending CU Next Tues that socially behaves like a leftist in every way shape and form.
Yeah, I don’t see how this moves forward unless the Washington Supreme Court rules they are in charge and it does. Anyone that has any money up there will immediately flee the state like they are doing in California.
silly you…. thinking the Wa State Supreme court actually follows laws.
Take all the leftists on SCOTUS and get rid of the conservatives… and that gives you a picture of the Wa Courts.
That $1M will soon be $500K and then $100K and then “income tax for all” to keep it fair. Who knew that millionaires could move. They will still keep their WA property, but only be in state the maximum number of allowed days.
Portland is about to take a shot below the belt when the new real-estate valuations come out, and everybody and their brother appeals their property tax based on recent sales (both large and small buildings) where 70-85% of the value of the building has disappeared in the last 10 years, starting with the riots. The company which bought the 500 room Waterfront Marriot 13 years ago for $80M went into foreclosure in 2024 as they couldn’t cover expenses and it just sold for $30M ($60K/room) which is roughly 1/3 what other large hotel properties have been selling for in other areas. The entire West Coast is cooked economically and they deep into the proverbially deck chair rearranging.
Is Starbucks leaving or just founder? I’d think Starbucks would want to roll up their whole operation in that state.
He isn’t a founder. He started working there and rose to CEO. He is ready to retire and like all those leftists that push this crap was happy to destroy his state with socialism and schemes then move to a red state leaving the wreckage behind.
It’s the slow divestiture on corporate. They won’t pay to transplant all those raging lefitst employees to Nashville [thank God].
Job reqs will start migrating and soon the Seattle footprint will get smaller and smaller. In a decade it will be fraction and they will officially move it.
Not so woke with his own money.
Lookie here…. Another company with an Asian Indian in an important position…. And I wonder why my friends can’t even get a job interview….
Indians prefer to hire other indians. They also have a kickback scheme in their culture where the new hire kicks back part of their salary to their hiring boss. It has been reported this scheme has been transplanted to the US. I don’t know whether that’s true or not.
Frankly I’ve always found most indians in high tech to be less able than their US counterparts let alone the ones in India. Don’t get me wrong there are some very capable Indians and Chinese for that matter but I always found the average capability of a US hire to be higher.
Likewise I found the average women in high tech to be less capable than their male counterparts with some superb women engineers existing. This is just my opinion and not very scientific.
The problem is if the champagne socialists flee to Red states because they don’t want to pay for their Blue ‘Utopias’ aka Hellholes, then fund the same policies and practices that ruined Blue states, you could end up seeing a complete collapse of Red states.
Build a wall.