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What will be the result of Seattle's new tax on companies that make over 20 Million a year?

Their 15 dollar minimum wage pushed small businesses outside the city limits and resulted in workers making less money as their hours were cut. This new tax is a head-tax for every worker the company has that works within the city limits.
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MethDozer · M
They are going to drive all the big names that headquartered there.
QuixoticSoul · 41-45, M
@MethDozer Over $40 mil a year? Doubtful.

But I guess that would help the housing crisis as well 😂