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Seattle passes scaled-back tax on Amazon, big companies

Quote:

SEATTLE (Reuters) - Seattle’s city council on Monday approved a new tax for the city’s biggest companies, including Amazon.com Inc https://www.reuters.com/finance/stocks/overview?symbol https://www.reuters.com/finance/stoc...?symbol=AMZN.O to combat a housing crisis attributed in part to a local economic boom that has driven up real estate costs at the expense of the working class.

https://www.reuters.com/article/us-s...-idUSKCN1IG002

Taxes can always have a negative impact on those who are employed, however, it will be a competitive situation.

This is a very interesting topic to me. Here we have the big companies in the heart of Liberal Land, with massive homeless populations. Naturally the do-gooders think the solution is to tax the companies white to build homes and provide entitlements to the homeless. Why not just offer an employment program? Oh, wait, I know .... :O: