When Seattle’s new mayor, Katie Wilson, was asked last month if she worried that millionaires would leave the area in response to Washington’ state’s new 9.9%, she scoffed at the idea.
“I think the claims that millionaires are going to leave our state are, like, super overblown,” Wilson said dismissively. “And if — the ones that leave, like, bye.” She accompanied that with a wave and a giggle.
We hope Mayor Wilson will show up in person at Seattle-Tacoma Airport later this summer to bid farewell to Rick Barton, who co-founded the real estate platform Zillow in Seattle. He’s just announced he’s joining fellow start-up kings Jeff Bezos of Amazon and Howard Schultz of Starbucks in moving to a low-tax state. Barton will remain as Zillow’s co-executive chair but is relocating to Las Vegas. Did we mention that Nevada has no state income, capital gains or estate tax?
The billionaires grab headlines, but they are hardly the only people getting out of town. Here’s a dispatch from a local real estate expert:


