Redfin CEO responds to Seattle head tax

The Seattle Head Tax Is Idiotic

Redfin CEO responds to Seattle head tax

Four bill sponsors initially pitched a tax of $500 per full-time employee a year but a compromise proposal emerged over the weekend after they could not muster six votes needed to override a potential veto by Mayor Jenny Durkan.

The "head" tax is supposed to fund housing for the homeless.

Herdener thinks that instead of increasing taxes for businesses, the city should improve its finance managing, and even called the council "anti-business".

Being the third region in the USA with the highest number of homeless people, the city has been driving reforms to tackle the problem, as at least 169 homeless people died on Seattle's streets in 2017.

The views expressed in this video are exclusively those of John Stossel; his independent production company, Stossel Productions; and the people he interviews.

A day after the Seattle City Council approved the tax on businesses grossing more than $20 million, Redfin CEO Glenn Kelman wrote this blog. "I understand there are very strong passions and genuine policy differences between neighbors, businesses, community leaders and people across our City on how to best address this crisis, but I know we can be a City that continues to invent the future and come together to build a more affordable, inclusive, and just future for all who call this great City home". The Seattle business community was almost universally opposed to the tax, according to Nelson.

But as the big Seattle companies, which are among the biggest in the USA and the world, are criticizing the legislation, supporters of the law, such as workers unions and church groups, said the tax would help the critical housing situation of the city, as the income gap increases and makes it more hard for the working class to pay rent.

The city spent about US$68 million on homeless programs previous year and built homes for 3,400 people.

Other cities have put in place similar taxes, but critics have said Seattle's tax could threaten the booming local economy and drive away jobs. Seattle says it will get $47 million in new revenue from the tax, according to the Times.

The company expressed disappointment with the outcome. He went on to say that the "city does not have a revenue problem - it has a spending efficiency problem".

Before the vote, Gonzalez said the city "has an obligation to take care of the people who are surviving and suffering on our city streets".

"It's entirely possible that in the next few years I might become a statistic and one of those homeless people", said Seattle resident and renter Pauline Van Senus during a public comment session before the council vote. "I think [Amazon] will definitely stop or slow its growth in Seattle if the tax passes", she told Geekwire.

"They're driving this economic engine", he said.

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