In announcing his move from Seattle to Miami, Jeff Bezos has become the latest of a long procession of prominent business icons and celebrities to abandon blue state for red state America. As the man who built the trillion dollar tech behemoth Amazon, he is now the wealthiest American to flee to a low tax state.
Washington state was, until recently, the only blue state with no income tax. For many years it also had no inheritance or capital gains tax. This light taxation on business investment and income contributed to Washington becoming one of the fastest growing states and a mecca for world-class businesses a list that includes Microsoft, Amazon, Costco and Starbucks.
But that’s all ended. Progressives in Seattle took charge and started their relentless "soak the rich" campaign. This started with the state adopting a death tax that can reach 19% for millionaires and billionaires. That’s one of the highest rates in the nation - all for the privilege of dying in Washington. That is something Jeff Bezos has decided he will not do.
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