Bezos Bails on Seattle After Tax Hikes. Guess Where He Landed.

Chaser, from Jeff Bezos’s Instagram feed on Thursday:

Seattle has been my home since 1994 when I started Amazon out of my garage. That’s my dad behind the camera in this video, touring Amazon’s first “office.” My parents have always been my biggest supporters. They recently moved back to Miami, the place we lived when I was younger (Miami Palmetto High class of ’82 — GO Panthers!) I want to be close to my parents, and Lauren and I love Miami. Also, Blue Origin’s operations are increasingly shifting to Cape Canaveral. For all that, I’m planning to return to Miami, leaving the Pacific Northwest. I’ve lived in Seattle longer than I’ve lived anywhere else and have so many amazing memories here. As exciting as the move is, it’s an emotional decision for me. Seattle, you will always have a piece of my heart.

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I’m sure Bezos had a number of reasons for the move, including those he mentions. But if you’d like one of the world’s richest men to keep calling your city home, it is not a great idea to be constantly threatening him with new taxes on his property and investments. Score another win for the Florida model.

[Welcome to the concept of “incentives,” Seattle and Washington State! And welcome to the inherent flaws of the static-analysis model when it comes to tax policies. You’ll always have a piece of Bezos’ heart, but you’ll never have a piece of his wealth after this. Oops. — Ed]

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