Democratic states are leading efforts to tax the rich, with some leading states leading the charge, while others are being driven out of their homes. In Seattle, Seattle's self-proclaimed Democratic socialist Mayor, Katie Wilson, has been criticized for her comments regarding the city's exodus of wealthy residents. Starbucks announced a $100 million investment to open a corporate office in Nashville, Tennessee, which has no state income tax and lower operating costs. New York City Mayor Zohran Mamdani is spearheading the "tax the rich" efforts to cut into the city’s projected $2.2 billion budget deficit and propose a tax on second homes valued over $5 million. The top 1% of earners pay 40% of income taxes and 27% of all federal taxes, according to data from the Tax Foundation, Congressional Budget Office, and Bureau of Economic Analysis.