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Progressive tax policies in states like California and New York are driving away wealthy individuals and businesses, leading to a significant loss of income. Seattles mayor dismisses the exodus, but Starbucks moves its office to Tennessee, and former CEO Howard Schultz relocates to Florida. New York City considers taxing second homes to fund public services. Residents like Honey Levitzky feel the pinch, and Bernie Sanders proposes the Make Billionaires Pay Act. IRS data shows California losing billions in income, while no-income-tax states like Florida and Texas gain. States must reconsider their tax strategies to prevent further brain and cash drain.

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