Seattle’s City Council passed a new tax Monday. It will charge big companies $275 for every employee.
The “head” tax is supposed to fund housing for the homeless. Supporters of the tax chanted “Housing is a human right!” at a protest lead by Councilwoman Ksharma Sawant, a member of the Socialist Alternative party.
Seattle homelessness has doubled in the last 8 years. Politicians blame a shortage of “affordable” housing, but John Stossel says that the politicians’ own bad policies helped create that shortage.
Click here for full text, a transcript, and downloadable versions.
The views expressed in this video are solely those of John Stossel; his independent production company, Stossel Productions; and the people he interviews. The claims and opinions set forth in the video and accompanying text are not necessarily those of Reason.