Seattle's Redistribution Scheme Reversed

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Title : Seattle's Redistribution Scheme Reversed
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news-today.world | In May, the Seattle City Council class warriors unanimously enacted a head tax — a $275 penalty for each full-time employee of a company earning annual revenue of at least $20 million. Yet in the face of stiff opposition, the council reversed course Tuesday, dropping the tax in a 7-2 vote.

Some 600 Seattle employers would have been hit by the tax, which was supposed to fund income redistribution to address the city’s homeless crisis. Amazon and Starbucks led the charge to oppose it because, obviously, the tax would destroy jobs. (It’s worth noting that homeless people are generally jobless.) Amazon even halted construction on a new office tower in downtown Seattle. While Amazon’s billionaire chief, Jeff Bezos, is no friend of Liberty, he got this one right — even if he is a hypocrite. The final straw was likely Monday’s announcement that a business-supported group called No Tax on Jobs had already gained enough signatures to challenge the tax on the November ballot.

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