Seattle Mayor Dismisses Millionaire Flight Concerns Over Progressive Tax

Seattle Mayor Katie Wilson dismissed concerns that millionaires would leave Washington state due to progressive taxation, laughing off the idea during an April 14 event at Seattle University. 'The claims that millionaires are going to leave our state are, like, super overblown. And if the ones that leave, like, bye,' she said, prompting cheers from the audience. Wilson expressed support for the recently passed millionaire tax, calling it an important step toward addressing the state's regressive tax system. She acknowledged the challenges of balancing progressive taxation with Seattle's business environment, noting that high costs in downtown Seattle are out of step with neighboring areas like Bellevue. Wilson also highlighted the city's structural budget deficit, stating that her office is exploring tax options that do not increase employment costs. The mayor emphasized the need for efficient revenue use and program evaluation to address fiscal challenges.