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Long Cardboard Box Homes, Inc. (CBHI)


               
2018 May 18, 5:01am   2,289 views  10 comments

by MisterLefty   follow (1)  

Seattle has an interesting take on the housing affordability problem -- tax the people who caused it.

The Seattle City Council on Monday approved a new “head tax” on its largest businesses, and while being termed the “Amazon tax,” many other prominent U.S. corporations stand to take a hit as well.

The tax comes out to 14 cents per employee per hour, or $275 per employee annually, on for-profit companies that net at least $20 million annually. The rationale for the tax is to raise money to pay for housing for the city’s homeless.

It sounds like a dream -- companies hiring people, giving them crazy stock option awards and salaries, and everyone profits, right?

Well, no. Those who don't work there don't profit. And as that continues over time what happens to housing prices and availability? It becomes impossible for anyone who doesn't have that million-dollar job!

Then you have a bunch of homeless people who got evicted from their apartments when they were torn down to make room for the next McMansion. What do you do with them?

More to the point, where do the people who work at McDonalds or pulling your coffee at Starbucks live?

They don't, basically. They can't possibly afford to to live in that area anymore.

Who vacuums the offices, who makes the pizzas, who drives the Ubers and Taxis, who cuts hair and who serves drinks at the tony bar across the street from Spamazon's office? How about the cops -- and firefighters?

In short, where do all the people who you need in order to have a functioning city live -- and how, when your "median" house costs $700,000 and a one-bedroom apartment is $2,000/month -- more than someone makes even with a forced $15/hour minimum wage?

https://market-ticker.org/akcs-www?post=233502

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1   RWSGFY   @   2018 May 18, 6:25am  

MisterLefty says
Who vacuums the offices, who makes the pizzas, who drives the Ubers and Taxis, who cuts hair and who serves drinks at the tony bar across the street from Spamazon's office? How about the cops and firefighters?


Putting cops and firefighters in the same category as janitors and pizzamakers insults reader's intelligence. Especially while the story about that Coward County sheriff's deputy retiring on $8K per month pension hasn't yet faded from the news cycle. These people are paid on par with (or better than) engineers, so stop lumping them in with the fucking homeless!

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