Socialist Seattle Mayor's Startup Fund Won't Fix the Payroll Tax She Created

Seattle Mayor Katie Wilson has signed an executive order creating a startup retention fund — the city's answer to a damning new report warning that Seattle's tech economy is dangerously overexposed. The report, commissioned by former Mayor Bruce Harrell, found Seattle's reliance on a handful of tech giants leaves the city's tax base wide open to AI disruption and layoffs.The irony is thick: one of the top factors driving startups out of Seattle is the payroll tax — the same tax Katie Wilson championed before taking office. Companies are relocating to Austin and Denver where the cost of living is lower and hiring isn't penalized, while Seattle faces a $150 million budget deficit and still has no idea how much this new fund would lend or where the money would come from.Sean walks through why the executive order has no enforcement mechanism, why Bellevue is quietly winning the economic competition Seattle keeps losing, and what it says about a city that taxed hiring aggressively — and is now puzzled that businesses left.Subscribe to @reasonablenews for daily news commentary from a perspective that's actually reasonable.#NFRP #SeattlePolitics #KatieWilsonGO PREMIUM WITH REASONABLE+ FOR UNCENSORED ACCESS 🌟https://ReasonableTV.com/🛍️ MERCH - https://Store.ReasonableTV.com/💬 JOIN our FREE Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop: https://discord.com/invite/uJGWFpgDcY🌐 NOT on Discord? CHAT with us right on the site — free account, no app needed: https://ReasonableTV.com/community/👍🏼 SMASH that LIKE button & SUBSCRIBE for daily videos that dive into the latest news! https://youtube.com/c/NewsForReasonablePeopleSTAY CONNECTED:🔗 Rumble - https://Rumble.com/c/NewsForReasonablePeople🔗 Facebook - https://www.Facebook.com/NewsForReasonablePeople🔗 iTunes - https://Apple.co/2MkFziJ🔗 Spotify - https://Spoti.fi/2Dh8EoL