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Podcast: News For Reasonable People
Episode: Seattle MELTDOWN: 27.2% Vacancy Rate Despite $9.2 Billion Tax Increase
Description: Here we go again – Seattle just claimed the crown for highest office vacancy rate in America at 27.2%, and surprise, surprise, it's paired with the nation's most expensive Uber rides and DoorDash fees. What did they expect after slapping $9.2 billion in new taxes on businesses? We dive into Washington State's perfect storm of anti-business policies, from Microsoft's 9,000 layoffs to Starbucks shuttering 28 locations due to safety concerns and razor-thin margins. Meanwhile, tax receipts are sliding over $500 million below projections – because nothing says "come invest here" like the highest gas prices in the country and extreme regulations that even DoorDash can't stomach. Is a...