Washington State's proposed 9.9% millionaire's tax is rattling more than just wealthy residents—it's threatening Seattle's chances of landing an NBA franchise, with Kraken owner Samantha Holloway warning Governor Ferguson that the tax is already driving investors to Florida and making top athletes reluctant to sign. Meanwhile, street outreach workers in Seattle and San Francisco are publicly contradicting the city's housing-first approach, reporting that many people living on the streets already have taxpayer-funded apartments—pointing to addiction, not housing supply, as the core crisis.
Washington State legislators are building a tax regime so hostile that NBA investors are spooked and founders are planning their exits.
Street outreach workers from SF to Seattle confirm what politicians refuse to admit: half of people using drugs in public already have apartments.