Seattle venture capitalist Nick Hanauer was a vocal supporter of implementing Washington’s capital gains tax, which passed in 2021 and funds the state’s public education budget.

Nick Hanauer, the progressive Seattle venture capitalist, torched Gov. Jay Inslee's proposed 1% wealth tax as impractical and unserious.

Gov. Jay Inslee’s proposal for a “wealth tax” is drawing sharp criticism from Seattle business leader, entrepreneur and Democratic supporter Nick Hanauer. Hanauer posted on X, ripping the proposal apart, calling it “impractical” with “serious legal challenges.”

Nick Hanauer, critic of income inequality, calls proposed Washington wealth tax ‘impractical’ Do taxes that target wealthy