Valve Billionaire Gabe Newell Flees Seattle For Florida As WA Tax Drives Exodus

Valve co-founder Gabe Newell has reportedly purchased a lavish estate in Florida, and the writing is on the wall: Washington State's aggressive tax push is claiming another billionaire. Newell built Valve — and its $4 billion gaming empire — right in Bellevue, a short drive from where Sean records this show. Now he's joining a growing list of wealth creators who've decided Florida's no-income-tax environment beats Seattle's increasingly hostile climate for the ultra-wealthy. This isn't a coincidence. Jeff Bezos went to Florida. Howard Schultz went to Florida. Jake Burton went to Florida. The pattern is undeniable, and Washington's progressive leadership — championed by figures like Katie Wilson — seems either unwilling or unable to recognize what's happening. The millionaire tax, if it survives the ballot, accelerates this flight even further. And even if voters reject it, something punitive is coming — wealthy residents know it, and they're making their exit plans accordingly. The real tragedy isn't Gabe Newell's real estate decision — it's the brazen indifference from Olympia. The politicians driving this exodus aren't losing sleep over it. They're too busy figuring out how to spend money they increasingly won't have. When the architects of a region's prosperity decide the math no longer works, the consequences don't stay confined to billionaires. Tax bases shrink. Jobs follow wealth. And the city that prided itself on being a tech capital starts looking a lot more like the hollowed-out blue cities it once mocked. CHAPTERS 0:00 The Blue State Exodus Claims Seattle's… 2:01 Another Washington Billionaire Moves… 2:46 Washington's Millionaire Tax Pushes… 3:39 Newell Buys $70 Million Florida… 4:34 Will Newell Leave Seattle for South… 5:44 Breaking Down Newell's $70 Million… 7:07 Why Every Luxury Home Looks the Same 8:05 Managing a 20,000-Square-Foot… 9:17 Gabe Newell's Career From Microsoft to… 11:03 Bezos, Schultz, and Newell All Leave… 13:21 The Math Behind Newell's Florida Move 14:50 Kevin Wallace Tracks Washington's… 16:51 Washington Leaders Shrug Off the… 18:51 How Washington's Wealthy Are Fleeing… Subscribe to @reasonablenews for daily coverage of Pacific Northwest politics and the policies reshaping Seattle, Bellevue, and Washington State. #Oregon #Education #PublicSchools 𝗚𝗢 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗪𝗜𝗧𝗛 𝗥𝗘𝗔𝗦𝗢𝗡𝗔𝗕𝗟𝗘+ 𝗙𝗢𝗥 𝗨𝗡𝗖𝗘𝗡𝗦𝗢𝗥𝗘𝗗 𝗔𝗖𝗖𝗘𝗦𝗦 🌟 https://ReasonableTV.com/ 🛍️ 𝗠𝗘𝗥𝗖𝗛 - https://Store.ReasonableTV.com/ 💬 𝗝𝗢𝗜𝗡 our 𝗙𝗥𝗘𝗘 Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop:   / discord   👍🏼 𝗦𝗠𝗔𝗦𝗛 that 𝗟𝗜𝗞𝗘 button & 𝗦𝗨𝗕𝗦𝗖𝗥𝗜𝗕𝗘 for daily videos that dive into the latest news!    / newsforreasonablepeople   𝗦𝗧𝗔𝗬 𝗖𝗢𝗡𝗡𝗘𝗖𝗧𝗘𝗗: 🔗 Rumble - https://Rumble.com/c/NewsForReasonabl... 🔗 Facebook -   / newsforreasonablepeople   🔗 iTunes - https://Apple.co/2MkFziJ 🔗 Spotify - https://Spoti.fi/2Dh8EoL