Quote of the Day
When wealth taxes fail, the Democrat Plan B is always to feed off the middle class through methods like new sales taxes or gas taxes. Seattle is already in the midst of an economic decline and a budget shortfall of this size is a crisis. Not only did their new taxes cost tens of thousands of jobs for the area, but they increased their spending projections, counting their chickens before they hatched.
Insanely, Democrats in Washington still want to pass a similar Payroll Tax system for the entire state (due to their own budget problems) despite the fact that it has been an unmitigated disaster in Seattle. The economic events in Seattle and the Pacific Northwest in general are a canary in the coal mine for the entire nation; a warning of what is to come if Democrats are allowed to continue running some of Americas biggest metropolitan areas.
Tyler Durden
April 2, 2025
Seattle Economic Crisis: Proof That Democrat Wealth Taxes Lead To Disaster | ZeroHedge
It is only insane if they are motivated by the general welfare of the Seattle and Washington state citizens. If their motivation is the destruction of the city, state, and country, then it makes perfect sense.
Prepare appropriately.
