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BILLIONAIRE EXODUS: Starbucks Founder Howard Schultz FLEES Seattle as Democrats Push Wealth-Crushing Tax

Gary FranchiMarch 11, 2026204 views
BILLIONAIRE EXODUS: Starbucks Founder Howard Schultz FLEES Seattle as Democrats Push Wealth-Crushing Tax
Photo by Generated on Unsplash

The liberal chickens are coming home to roost in Washington state, and even the most prominent Democrats are running for the exits. Billionaire Howard Schultz, the former Starbucks CEO who spent four decades building his coffee empire in Seattle, just announced he's packing up and heading to Florida – and you can bet it's not just for the sunshine.

On Tuesday, Schultz posted a LinkedIn announcement that he's ditching the Emerald City for the Sunshine State, citing his gratitude for "the memories made in Seattle and the relationships built along the way." But patriots who've been watching the left's war on success know exactly what's driving this exodus – Washington Democrats are pushing a brutal new tax specifically targeting millionaires.

This is what happens when radical leftists get drunk on power and decide to punish achievement. Schultz didn't just live in Seattle; he helped put it on the global map, turning a local coffee shop into an international phenomenon that created thousands of jobs and billions in economic activity. Now the very politicians who benefited from his success want to loot his wealth through confiscatory taxation.

"We will be forever grateful for the memories made in Seattle and the relationships built along the way," Schultz wrote in his farewell post.

But here's the beautiful irony – Schultz spent years as a vocal Democrat, even flirting with running against Trump in 2020. Now he's learning the hard way that the left's appetite for other people's money is never satisfied. They've turned Seattle into a crime-ridden wasteland with tent cities and drug addicts, and their solution is to shake down the few successful people left.

Florida Governor Ron DeSantis must be smiling. His state has no income tax, strong law and order, and a booming economy built on free market principles. Meanwhile, Seattle continues its death spiral under progressive policies that chase away job creators and tax producers.

This isn't just about one billionaire – it's about the fundamental choice between freedom and socialism. How many more success stories will flee Washington state before voters wake up and throw out the Democrats who are destroying their economic future?

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Gary Franchi

Award-winning journalist covering breaking news, politics & culture for Next News Network.

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EconomicsTeacherVerifiedjust now
This is basic economics - the Laffer Curve in action. When you raise taxes too high, you actually get LESS revenue because the tax base leaves. Washington state is about to learn this lesson the hard way.
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ConservativeDad3Verifiedjust now
Good for him! Vote with your feet and your wallet.
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BusinessOwner2024Verifiedjust now
Smart move by Schultz. Why would anyone with wealth stay in a state that punishes success?
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PatriotMike47Verifiedjust now
This is exactly what happens when you vote Democrat - you tax the job creators out of your state! Seattle used to be a thriving business hub and now look at it.
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TaxReformNowVerifiedjust now
Same thing happened in California. My neighbor who owned three small businesses moved to Texas last year.
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FreeMarketFanVerifiedjust now
Does anyone know what the actual tax rate is that they're proposing? I heard it's something insane like targeting people with over $250 million.
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SeattleResident88Verifiedjust now
I live here and it's getting worse every year. The homeless camps, the crime, and now they're driving away the people who actually create jobs. When will people learn that you can't tax your way to prosperity?
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SeattleResident88Verifiedjust now
Seriously thinking about it. Looking at Florida or Tennessee.
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CommonSenseConservativeVerifiedjust now
Feel for you! Have you considered moving to a red state?