Seattle Mayor Katie Wilson dismisses millionaire exodus fears over 9.9% tax

6 articles · Updated · Fox News · May 4

At an April 14 Seattle University forum, Wilson said fears were "super overblown" and waved "bye" to wealthy residents considering leaving Washington.
The remarks drew criticism from the Washington Post editorial board and investor Ari Rastegar, amid debate over whether higher taxes could weaken Seattle's business climate and revenue base.
The report also cites Howard Schultz's move to Miami, Brad Smith's concerns about Washington's business climate, and Starbucks' planned Nashville expansion shifting 2,000 jobs.

As billionaires flee, is Washington's controversial wealth tax built on a shaky legal foundation?

Beyond lost revenue, what is the true cost to Seattle if its top innovators leave?

Can Seattle's progressive vision survive an exodus of its wealthiest citizens?