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Posted on 03/11/2026 6:08:11 PM PDT by Hojczyk
Former Starbucks CEO Howard Schultz is ditching his longtime residence in Seattle for Florida, just as Washington Democrats are nearing the finish line on a proposed "millionaires tax."
Schultz, who served as board director of the coffee chain until 2023, said in a statement on social media that he and his wife are moving to Miami as part of the "retirement phase" of their lives. Schultz, who has lived in Seattle for more than four decades, purchased a $44 million penthouse in Surfside, Fla., according to reports, and will relocate his private family office to Miami.
Schultz, who owns roughly 24 million shares of Starbucks, is the latest billionaire to move to Florida and other low-tax red states. Oracle cofounder Larry Ellison and Google cofounder Larry Page are fleeing California for Florida as lawmakers in the Golden State have pushed to impose a 5 percent tax on the assets of anyone worth more than $1 billion. Amazon founder Jeff Bezos also moved to Florida from Washington state in 2023. Elon Musk moved from California to Texas, which has no state income tax, in 2020, and announced plans in 2024 to relocate his companies Tesla and X to the Lone Star State.
(Excerpt) Read more at freebeacon.com ...
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Looks like the next financial capital of the United States States
I believe the left doesn’t care that millionaires and billionaires (said in my best Bernie voice) will go to other places outside their control (and taxing authority). They just want the tax in place so that they can keep redefining what it means to be “rich” so that eventually they’re taxing every productive individual.
“said in a statement on social media that he and his wife are moving to Miami as part of the “retirement phase” of their lives.”
Yeah, purely coincidental. Lol.
A lot of these left-wing billionaires are responsible for electing Democrats in the states that they’re “fleeing”.
Who has more houses? Bernie or Schultz?
And he will continue to vote D.
And he will continue to vote D.
And he will continue to vote D.
I think he should be forced to stay right where he is.
I live in WA state. Although I don’t like this tax, I am trying to think positively. If these tech companies reduce their employees, and they move away, we will have less of these liberal left wingers. WA state got super liberal when these companies moved here. The only problem is they will infest the red states they move to.
I think you are thinking of another regime. He can live where he damn well wants. He is an American.
I seem to remember something about “equal and apportioned “ how is this even legal?
Our Monaco
So do I.
“I see you have some money there. Give it to me.”
As an extra bonus there’s no state income tax in Florida...
Um Starbucks Amazon and Boeing started here. MS has been here since the 80s.
Yup. They’re termites. They eat away at the foundation then run away just as it’s about to collapse. He should be made to stay in Washington.
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