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Long Cardboard Box Homes, Inc. (CBHI)


               
2018 May 18, 5:01am   2,280 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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8   RWSGFY   @   2018 May 18, 8:51am  

MisterLefty says
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!


Now, 'bout these "million-dollar jobs". At what level does "million dollar salary" starts at Amazon? Let me give you a hint: it's not at the level of Director for sure, and not even at VP level. SVP? Nope, not even there. Try Executive VP. Maybe. How many of these people are there at Amazon's HQ? Ten? Fifteen? Do we really-really in our heart of hearts believe that dozen of people with $1M salary move housing prices in the whole Seattle Metro Area?

PS. Author could've pointed at DINKs with engineering jobs and this could be a valid argument, but the fucking assclown decided to go ahead and bring up the fucking "million dollar jobs" and "janitor cops". This is what passes for journalism these days?
9   Ceffer   @   2018 May 20, 11:56pm  

APOCALYPSEFUCKisShostikovitch says
Nothing wrong with cardboard boxes if you can flip them.



That cardboard box should be worth the annual gross domestic product of an average third world country with a few upgrades and flips.
10   theoakman   @   2018 May 21, 5:04am  

wasn't raising the minimum wage to $15 supposed to solve all the problems?

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