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Podcast: News For Reasonable People
Episode: Washington PASSES 9.9% Millionaire Tax – Starbucks Founder’s Response? LEAVE SEATTLE
Description: Washington State's recent implementation of a 9.9 percent tax on millionaires is already causing ripples throughout the business community. Starbucks founder Howard Schultz has announced his departure from Seattle, sparking concerns about a potential exodus of high-net-worth individuals and businesses from the state. Critics argue that this tax policy will stifle economic growth, discourage investment, and ultimately harm Washington's overall prosperity. The move raises questions about the long-term consequences of progressive taxation and its impact on the state's economic future, particularly in cities like Seattle that rely heavily on a thriving business environment. Will Washington become a cautionary tale of...