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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QuixoticSoul · 41-45, M

I don't much like that initiative. But Washington has a very regressive tax system and needs ways to fund their social services too. This seems like a kludge, however.

Northwest · M

@QuixoticSoul We don't have a state tax, and it's high noon, we deal with the effects the tech industry had on the natives. An 1,800 sq ft house, 40 years old, with no view, on a 1/4 acre lot, in a not so great part of town, goes for $1M now, and they last 1-2 days only on the market.

Retirees are hit hard with real high real estate taxes, and they're forced to sell and move to Arizona and Florida.

Full disclosure: I am part of the tech industry that caused this, and a California transplant (34 years removed), but the tech industry, other than the isolated PR tug of war, is mostly on board, trying to fix the problem.

Doubters can take a peek into signs on Amazon office windows.

It may be a kludge, but it's needed, to fix an urgent problem, aggravated by the current plans to take down HWY 99 between SoDo and Queen Anne, which will cause all the shelters that operate in the area now, to relocate.