Steelman · slot A
Capital is mobile; contempt is expensive
A state tax economist would argue —The mayor's laugh is the policy. Washington just stacked a 7% capital gains tax and a 9.9% millionaire's tax on top of an already heavy local burden, pushing Seattle's top effective rate on wage and RSU income to roughly 18% — the highest in the country. The response is not theoretical: Fisher Investments relocated its headquarters to Texas, Starbucks is shifting corporate jobs to Tennessee, Bezos moved to Florida and saved over a billion on a single stock sale, and Microsoft is openly warning about job placement. IRS migration data show the pattern at scale — Massachusetts lost $141,000 in AGI per departing filer, Illinois $110,000. You can dislike these people, but you cannot fund a city by insulting the filers who pay a disproportionate share of the bill.