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Seattle MELTDOWN: 27.2% Vacancy Rate Despite $9.2 Billion Tax Increase
Here we go again – Seattle just claimed the crown for highest office vacancy rate in America at 27.2%, and surprise, surprise, it's paired with the nation's most expensive Uber rides and DoorDash fees. What did they expect after slapping $9.2 billion in new taxes on businesses? We dive into Washington State's perfect storm of anti-business policies, from Microsoft's 9,000 layoffs to Starbucks shuttering 28 locations due to safety concerns and razor-thin margins. Meanwhile, tax receipts are sliding over $500 million below projections – because nothing says "come invest here" like the highest gas prices in the country and extreme regulations that even DoorDash can't stomach. Is anyone shocked that Jeff Bezos packed up for Florida? When your state becomes California 2.0 but with worse weather, businesses tend to read the writing on the wall. How long before the inevitable exodus becomes a stampede? Hit that subscribe button if you're tired of watching taxpayer money fund the decline of once-great cities, and let me know in the comments – what's your breaking point for government-induced decline?
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