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Seattle’s "Amazon Tax"

John Stossel
1.09M subscribers
272K views 7 years ago
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 City Councilwoman Kshama Sawant, a member of the “Socialist Alternative” party. --------- Don't miss a single video from Stossel TV, sign up here: https://johnstossel.activehosted.com/f/1 Subscribe to my YouTube channel:    / johnstossel   Like me on Facebook:   / johnstossel   Follow me on Twitter:   / johnstossel   --------- 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. Seattle’s building code is 745 pages long. (link: http://www.seattle.gov/dpd/codesrules...) “Welded splices shall be of ASTM A706 steel,” the code notes, in an endless list of rules. Th …...more
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Seattle’s "Amazon Tax"
9.8KLikes
272,489Views
2018May 15
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 City Councilwoman Kshama Sawant, a member of the “Socialist Alternative” party. --------- Don't miss a single video from Stossel TV, sign up here: https://johnstossel.activehosted.com/f/1 Subscribe to my YouTube channel:    / johnstossel   Like me on Facebook:   / johnstossel   Follow me on Twitter:   / johnstossel   --------- 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. Seattle’s building code is 745 pages long. (link: http://www.seattle.gov/dpd/codesrules...) “Welded splices shall be of ASTM A706 steel,” the code notes, in an endless list of rules. The residential building code is another 685 pages. 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. If Seattle just repealed many of those regulations, affordable housing would grow, Stossel says. Instead, Seattle’s politicians will tax big tax companies and use the money to buy housing for homeless people. That upset Amazon, Seattle’s largest employer. It paused construction of a new office building in Seattle. Construction workers went into the streets to back Amazon, and counter-protest the socialist councilwoman’s pro-tax rally. Supporters of big government aren’t used to protesters drowning them out. Sawant accused Amazon of “extortion” and slammed Amazon owner Jeff Bezos on TV: “He said he has so much money that he doesn’t know what to do with it ... I want your viewers to understand who’s the enemy here.” The “enemy”? Stossel says: Give me a break! Bezos created the jobs that she now wants to tax. 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? Stossel points out that the $275/head tax will hurt job creation too. No wonder Amazon is looking to build its next headquarters outside of Seattle.

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John Stossel

1.09M subscribers