A trillion dollars ain’t what I used to be

Citadel: ''Unlike traditional software, where the marginal cost of serving an additional user is close to zero, AI carries a meaningful and ongoing compute cost. The economics therefore depend not simply on what the technology can do, but on whether the productivity generated is sufficient to justify the resources required to deliver it.''

l’élevage du bétail

"No evidence" the insane tax policy pushed by Olympia will send wealth or jobs elsewhere except *howard schultz *jeff bezos *rich barton *nick hanauer *bruce mccaw *closure of columbia tower club *record-high office vacancy downtown *starbucks hq, along with most key SBUX executives *irs data showing net loss in $550 million in Adjusted Gross Income for WA between 2022 and 2023 (most recent available), showing a loss of 8,291 tax filers *departure of 68,000 tax filers from King County, representing a loss of $2.19 billion in AGI, from same IRS data ('22-23) but it's definitely not happening, nothing to see here @people4pedersen @GovBobFerguson @MayorOfSeattle

Such a great example of the outcomes of Seattle activism: - another tax on salaries over $1 million goes to a social housing authority with the goal of building affordable housing - that board spends the first several months in total dysfunction and fires its CEO - the first windfall from that tax is higher than forecast, and the board decides to buy an EXISTING building which has many tenants already in it, and just 15 open units - 10,000 applicants for the new “affordable” building - board offers to freeze rent for 2 years and eliminate utility expense for existing tenants - luxury building has sunset views of Puget Sound, is steps away from Pike Place Market and Olympic Sculpture Park and newly renovated waterfront tourist area - Seattle Times doesn’t care to let readers know that just 15 units are available for new tenants and doesn’t care to investigate whether there are any connections of existing tenants to the social housing board - meanwhile the tax on high earners shutters lots of downtown office leases… Seattle rises to highest office vacancy in the nation among big cities, Columbia Tower Club closes, etc

The most embarrassing thing I’ve heard lately is people escaping Washington to go to California. That’s how you know it’s getting bad.

Which Olympia journalist will follow up with Senator Jamie Pedersen (@People4Pedersen), to ask, "Do you still see NO evidence of wealth flight from Washington State?"

Covid was just prep for living on the moon

I’ve said for a while that all you need to conquer space is fedex and internet and spacex gives you both!

Let’s make this a thing!

No camera fridays are the new casual fridays

Look the Seattle times is FINALLY reporting what I posted last week. And I’m not a reporter lol not my job. This is how bad our Seattle newspaper is now. Docusign plans downtown Seattle move, likely leaving namesake tower | The Seattle Times seattletimes.com/business/re…

Washington’s millionaire’s tax will reach the state Supreme Court. When it does, nine justices will decide whether it stands. Two of them were appointed by the governor who signed it. One of them gave money to the other’s campaign the day after he signed it. We’ve documented the contribution network. Now the question: what happens next? 🧵

"It looks like voters will get a say" Yea, even after you signed an emergency clause to make it as challenging as possible for them.

Turd Ferguson is lying. Here is why: 1) He slapped an emergency clause on a law that doesn't go into effect until 2028 to make it harder for voters to challenge the new income tax 2) He could have tried the income tax via constitutional amendment and didn't because he knows voters have rejected it 11 times 3) The Democrats rejected any restrictions that would have limited the income tax to just millionaires 4) Ferguson is trying to get a super majority which can override his veto and then he can claim the Legislature did it, not him even though he is the one who signed the unconstitutional income tax into law and championed it 5) He supported efforts to destroy the initiative process in the Legislature How do you know Ferguson is lying? His lips are moving

The current governor is panicking. He's trying to use some strategery to prop up his troubled state income tax scheme. He's raising expectations about its repeal, to position himself as the underdog in defending the crooked scheme. This isn't going to work. His state income tax scheme is designed to be a tax on everyone in WA. And everyone in WA knows this. Fail.

The Pike Place Projects

That Seattle has placed a moratorium on data-centers at the same time as: - core downtown vacancy hitting an all time record (and highest among major cities) of ~40% - 3 different vendors had specific proposals which would have brought millions in revenue to the city - a relatively new state tax on digital services which could have made this revenue climb even higher - a city budget deficit of more than $100 million, with little room for yet more taxation - hints that Anthropic might be one of the only companies to actually expand its downtown square footage, while many are departing or downsizing - Starbucks HQ packs up and lays off many leaders in its local IT team - Amazon and other employers have to be feeling the anti-business sentiment and this was a chance to push back tangibly against it … shows that we are not led by the sensible, but by the performative

DoorDash is simultaneously a human right after being founded just 13 years ago AND its founders are unethical evil people bc their DoorDash stock is now worth over a billion dollars. yes this makes sense.

🧵 In August 2025, Senate Majority Leader Jamie Pedersen wrote an email explaining the real goal of the "millionaire's tax": "I would like to force the Washington Supreme Court to reconsider its caselaw that considers income to be property." Not "fund schools." Force the court.