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Jeff Bezos Responds to Seattle Officials After Leaving For Miami Over Wealth Tax
Posted on 5/21/26 at 10:10 am
Posted on 5/21/26 at 10:10 am
Jeff Bezos Responds to Seattle Officials After Leaving For Miami Over Wealth Tax
Seattle’s political elite may have just received the most devastating financial reality check in modern city history after Jeff Bezos quietly confirmed that Washington’s aggressive new tax structure played a major role in his decision to flee to Florida, a move that reportedly saved the Amazon founder close to $1 billion while leaving Seattle staring at a collapsing revenue model built around billionaires who can leave faster than lawmakers can pass another tax bill. What makes the situation even more humiliating for city leaders is that Bezos did not scream, threaten, or launch some dramatic billionaire rebellion against Mayor Katie Wilson after she publicly laughed, waved “bye,” and dismissed concerns about wealthy residents leaving the city. Instead, he simply ran the numbers, changed his address to Miami, sold billions in Amazon stock, and calmly pointed out that the tax revenue Washington expected from him no longer exists because he no longer lives there. “Apparently, telling the richest man connected to your city that he’s irrelevant works slightly worse when he takes half your projected tax model with him.” As Starbucks founder Howard Schultz escapes to a $44 million Florida penthouse, Amazon shifts workers out of Seattle, downtown vacancy rates explode, and lawmakers double down on even higher millionaire taxes despite a near 50% drop in capital gains revenue within a single year, critics are now warning that Seattle may have become the most terrifying live experiment in America showing what happens when ideological politics collides headfirst with economic math and the people funding the system quietly walk away.
LINK
Seattle’s political elite may have just received the most devastating financial reality check in modern city history after Jeff Bezos quietly confirmed that Washington’s aggressive new tax structure played a major role in his decision to flee to Florida, a move that reportedly saved the Amazon founder close to $1 billion while leaving Seattle staring at a collapsing revenue model built around billionaires who can leave faster than lawmakers can pass another tax bill. What makes the situation even more humiliating for city leaders is that Bezos did not scream, threaten, or launch some dramatic billionaire rebellion against Mayor Katie Wilson after she publicly laughed, waved “bye,” and dismissed concerns about wealthy residents leaving the city. Instead, he simply ran the numbers, changed his address to Miami, sold billions in Amazon stock, and calmly pointed out that the tax revenue Washington expected from him no longer exists because he no longer lives there. “Apparently, telling the richest man connected to your city that he’s irrelevant works slightly worse when he takes half your projected tax model with him.” As Starbucks founder Howard Schultz escapes to a $44 million Florida penthouse, Amazon shifts workers out of Seattle, downtown vacancy rates explode, and lawmakers double down on even higher millionaire taxes despite a near 50% drop in capital gains revenue within a single year, critics are now warning that Seattle may have become the most terrifying live experiment in America showing what happens when ideological politics collides headfirst with economic math and the people funding the system quietly walk away.
LINK
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Posted on 5/21/26 at 10:14 am to djmed
There's no way hiring someone living with their parents, didn't lead to a solid fiscal solution!
No way it failed!!
No way it failed!!
Posted on 5/21/26 at 10:15 am to djmed
quote:
despite a near 50% drop in capital gains revenue within a single year, critics are now warning that Seattle may have become the most terrifying live experiment in America showing what happens when ideological politics collides headfirst with economic math and the people funding the system quietly walk away.
NYC will be able to hide it a little longer due to the size and sheer amount of millionaire/billionaires there.
Seattle, not so much. Bezos and Schulz going are I'd imagine your #1 and 2 wealthiest and those behind them are prob far behind in total assets.
Posted on 5/21/26 at 10:17 am to djmed
Well I'll be damned. How could that have happened?
Mean old Bezos. Mean old Starbucks. Mean old Florida. Mean old Trump.
Mean old Bezos. Mean old Starbucks. Mean old Florida. Mean old Trump.
Posted on 5/21/26 at 10:23 am to djmed
It's kinda like when Castro ran all of the wealthy Cubans out of Cuba.
Posted on 5/21/26 at 10:23 am to djmed
quote:
Mayor Katie Wilson after she publicly laughed, waved “bye,” and dismissed concerns about wealthy residents leaving the city.
The thing about stupid people is that they are too stupid to know they are stupid.
Bezos built an empire and became a multibillionaire, but Ms. "I live in a basement" thought she was somehow outwitting him and others like him.
That idiot Mayor in NYC is standing behind a podium drawing chuckles by mocking Thatcher and Reagan and pretending to "balance a budget" by borrowing 8 bil from the state and kicking the retirement contributions can down the road.
They invariably perceive themselves as savants. Don't judge me for enjoying the show.
Posted on 5/21/26 at 10:25 am to djmed
Pretty soon, they’ll try to make it illegal to move like the Soviet Union.
Maybe even put up a wall.
Maybe even put up a wall.
This post was edited on 5/21/26 at 10:26 am
Posted on 5/21/26 at 10:26 am to ChatGPT of LA
quote:
There's no way hiring someone living with their parents
I thought this was a joke at first. Turns out it was nothing of the sort.
Posted on 5/21/26 at 10:28 am to djmed
He just wanted to move to a Miami because Seattle is a shithole
Posted on 5/21/26 at 10:37 am to Wildcat1996
quote:
Bezos built an empire and became a multibillionaire, but Ms. "I live in a basement" thought she was somehow outwitting him and others like him.
Yup.....people like that mayor love nothing more than to tell business owners and their workers they are dog shite and slaves to a paycheck. The Seattle folks who elected her -- that was like a group of broke people living in a tent city getting to send their leader on a national tour to smack talk the elites.
Just a bunch of feel-good "You tell 'em girl!" moments.
Posted on 5/21/26 at 10:46 am to djmed
quote:
lawmakers double down on even higher millionaire taxes despite a near 50% drop in capital gains revenue within a single year
How does this happen? It' been a while since I took Econ 101, but is the Laffer (loool) curve controversial these days??
Posted on 5/21/26 at 10:48 am to djmed
Telling people with the means to do anything they want that they have to do what you want them to do never works out well.
These people are the dumbest of the dumb and as always the little guy is left holding the bag who no longer has a job
These people are the dumbest of the dumb and as always the little guy is left holding the bag who no longer has a job
Posted on 5/21/26 at 10:55 am to djmed
quote:
downtown vacancy rates explode,
Sweet. New available housing for the homeless people. Win-win, Emirates?
quote:
What makes the situation even more humiliating for city leaders is that Bezos did not scream, threaten, or launch some dramatic billionaire rebellion against Mayor Katie Wilson after she publicly laughed, waved “bye,” and dismissed concerns about wealthy residents leaving the city. Instead, he simply ran the numbers, changed his address to Miami, sold billions in Amazon stock, and calmly pointed out that the tax revenue Washington expected from him no longer exists because he no longer lives there.
Respect for Bezos' move here. That's boss-level FA/FO on a scale that will leave the stench of rotten egg all over Katie Wilson for the rest of eternity.
What did Seattle expect though, when they elected a mayor that had literally never held a job or lived independently, and was literally living with her in-laws when she got (s)elected.
Womp womp.
Posted on 5/21/26 at 11:07 am to Wildcat1996
quote:
That idiot Mayor in NYC is standing behind a podium drawing chuckles by mocking Thatcher and Reagan and pretending to "balance a budget" by borrowing 8 bil from the state and kicking the retirement contributions can down the road.
He also expanded on the current tax rates and created new revenue lines that they are/were expecting these millionaires/billionaires to fund. It's easy to "create" a balanced budget, it's another thing to actually make sure you collect all of the expected revenues.
Posted on 5/21/26 at 11:08 am to ChatGPT of LA
quote:
There's no way hiring someone living with their parents, didn't lead to a solid fiscal solution!
No way it failed!!
They just didn't do it right this time.
It'll work even better next time.
Posted on 5/21/26 at 11:11 am to ChatGPT of LA
quote:
There's no way hiring someone living with their parents, didn't lead to a solid fiscal solution! No way it failed!!
Life Lesson: People who aren’t your parents don’t want to pay for all of your f*cking free shite while you f*cking freeload.
Hell, even your parents don’t want to do it – they just feel forced to.
Posted on 5/21/26 at 11:15 am to djmed
Stupid fricking liberals politicians.
Posted on 5/21/26 at 11:18 am to djmed
We've moved from identity politics to grievance politics and these tax laws are just an extension of the grievances. They're foolish and short sided and will only end up punishing the people that can least afford it.
Posted on 5/21/26 at 11:25 am to djmed
Will be interesting to see if most of the rich start supporting republicans so they get to keep their own money. If they did it now democrats would be in big trouble .
Posted on 5/21/26 at 11:27 am to djmed
quote:you love to see it!!
As Starbucks founder Howard Schultz escapes to a $44 million Florida penthouse, Amazon shifts workers out of Seattle, downtown vacancy rates explode, and lawmakers double down on even higher millionaire taxes despite a near 50% drop in capital gains revenue within a single year, critics are now warning that Seattle may have become the most terrifying live experiment in America showing what happens when ideological politics collides headfirst with economic math and the people funding the system quietly walk away.
let it burn.
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