> The Seattle City Council on Monday unanimously approved a plan to levy a 2.25 percent tax on the income of residents earning $250,000 or more annually. The Council estimates that the tax would bring in an additional $140 million each year.
In other words, they're offering a $140 million incentive for the high-earning residents of Seattle to move out. This is a good way to get "brain drain".
In other words, they're offering a $140 million incentive for the high-earning residents of Seattle to move out. This is a good way to get "brain drain".