Seattle's Economic SUICIDE: 16K Layoffs Meet Millionaire Tax Push
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Seattle's Economic SUICIDE: 16K Layoffs Meet Millionaire Tax Push
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About this listen
Seattle just elected a socialist mayor while simultaneously pushing a statewide millionaire's tax AND a corporate payroll tax—as Amazon and Meta announce thousands of layoffs. What could possibly go wrong? This is the perfect storm of economic suicide: tech companies already bleeding jobs due to AI disruption, a downtown core that's been obliterated, and politicians who think boycotting hometown companies like Starbucks is good leadership. We're watching the fastest way to turn a booming tech hub into the next Detroit. Amazon's already moving employees to Bellevue to escape Seattle's madness, and 21 out of 23 relocation clients are fleeing the region entirely. When you layer new taxes on top of record unemployment, guess who pays the price? Spoiler alert: it's not the millionaires—they'll just leave, dumping the tax burden onto the middle and lower classes who can't afford to escape. Is this the scariest economic moment since the Great Recession, or just what happens when socialists get the keys? How long before Seattle turns out the lights like they did in 1971? Drop your predictions below, and if you're tired of watching cities self-destruct in real-time, smash that subscribe button.