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What about a tax to bring down the cost of housing


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2018 May 2, 7:08pm   2,815 views  9 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

https://www.seattletimes.com/business/amazon/amazon-pauses-plans-for-seattle-office-towers-while-city-council-considers-business-tax/


Seattle is considering a head tax on big tech firms that have made housing unaffordable there. It could raise millions for affordable housing but even more importantly it could apply the brakes on the high paying tech jobs that cause higher rents and home prices (and traffic). Those new jobs won’t die but will simply go to other cities that have plenty of housing but need more good paying jobs.

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1   Tenpoundbass   2018 May 2, 7:11pm  

I say a National property tax on all rental units.
2   Strategist   2018 May 2, 7:34pm  

tovarichpeter says
Seattle is considering a head tax on big tech firms that have made housing unaffordable there. It could raise millions for affordable housing but even more importantly it could apply the brakes on the high paying tech jobs that cause higher rents and home prices (and traffic). Those new jobs won’t die but will simply go to other cities that have plenty of housing but need more good paying jobs.


It's just another silly payroll tax. Don't cities want to attract more businesses so they can get more in taxes?
Just allow more home construction, morons.
3   Strategist   2018 May 2, 7:38pm  

Tenpoundbass says
I say a National property tax on all rental units.


Landlords would just pass it on to the renters making housing even more expensive.
If they are not allowed to pass it on to renters with rent control, landlords won't buy rental properties creating a further shortage and more hardship for many.
Take your pick.
4   Strategist   2018 May 2, 7:42pm  

APOCALYPSEFUCKisShostikovitch says
But aren't housing valuations supposed to rise exponentially by the hour


They are supposed to, but all the whining just gives everyone a headache. It's terrible.
5   RWSGFY   2018 May 2, 10:27pm  

#fucktaxes
#tea
7   SFace   2018 May 3, 11:01pm  

Amazon could easily move to Bellevue.

It's not about Amazon's ability to pay, its their responsibilities to shareholders. If you haven't noticed, every city wants hq2. They can just as easily move hq1
8   mell   2018 May 3, 11:10pm  

WarrenTheApe says
Not possible w/o amending the Constitution*. Exactly like we had to for the income tax (16th amendment):
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.


* Well, possible but not practical both in collecting it or politically. Congress can impose such a tax, but must do so according to the Apportionment Clause. This is because a property tax is a Direct Tax. So is the Income Tax, but as you read in the above, the 16th amendment carves out an exemption for the Apportionment Clause to apply for that particular direct tax.


It's totally possible since we abandoned the rule of law. According to the constitution the bailouts, the fucking over of GM and other bondholders, Obummercare and more should never have been possible. But US administrations have stopped caring about the constitution long ago and installing their puppets if challenged in SC. Totally possible these days though theoretically you're right ;)
9   anotheraccount   2018 May 4, 12:03am  

SFace says
They can just as easily move hq1


No they can't. What do you think would happen to the prices of houses that their employees own if they moved?

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