Washington State's proposed 9.9% income tax on millionaires is rattling more than tech founders — it may be killing Seattle's chances of getting the SuperSonics back, with NBA investors already relocating to Florida and Commissioner Adam Silver warning the deal hinges on a stable investment environment. Meanwhile, street outreach workers in Seattle and San Francisco are puncturing the region's housing-first orthodoxy, reporting that many people living on the streets already have taxpayer-funded apartments — pointing to addiction, not housing supply, as the real 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.