Reason Video

Stossel: Seattle's 'Amazon Tax'


Listen Later

Seattle's City Council passed a new tax Monday. It will charge big companies $275 for every employee.
The "head" tax is supposed to fund housing for the homeless. Supporters of the tax chanted "Housing is a human right!" at a protest lead by Councilwoman Ksharma Sawant, a member of the Socialist Alternative party.
Seattle homelessness has doubled in the last 8 years. Politicians blame a shortage of "affordable" housing, but John Stossel says that the politicians' own bad policies helped create that shortage.
Developers can't build big apartment buildings because in most of Seattle's residential land area, high-rises are illegal; zoning rules say only single-family houses may be built.
This week, Amazon partly won its fight. Seattle's city council approved a $275 per employee tax instead of the $540 that Sawant and the other leftists proposed.
Sawant accused Seattle's Mayor of "dramatically weakening [the] Tax Amazon bill. Grim reminder: working people can't rely on corporate politicians."
Corporate politicians? The $275 tax will hurt job creation too. No wonder Amazon is looking to build its next headquarters outside of Seattle.
...more
View all episodesView all episodes
Download on the App Store

Reason VideoBy Reason Video

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

35 ratings