If nothing else, billionaires flight is a positive thing.
I am hoping all the billionaires leave my Washington state as a result of the millionaire tax - it may become a normal state like Oregon.
The average Starbucks corporate worker is squarely middle class. Their job is leaving as a result of this rhetoric.
And just to let you know- Starbucks is not that popular in Seattle. They have been closing stores right and left in Seattle to the point where I only know store that is open. Seattle is not missing them that much.
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Maybe it would be fine for them to leave, but I’m pretty sure you want their companies to stay.
Maybe not. 50% of the tech companies moving out of Silicon Valley would probably improve traffic, lower housing costs etc. I’m pretty sure the cities that host them enjoy the tax revenue they bring in.
In Seattle at least some of the tech work is receding already because of layoffs. Which started to lower housing costs: landlords are starting to give 4 or 6 weeks of free rent.
More of this please.