by: Brent Smith at the Common Constitutionalist
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You may have heard of the new tax being levied on companies in the Seattle area. IBD reports that the Seattle Politburo (city council), “unanimously passed a ‘head tax’ of $275 per full-time worker on any company in the city that makes more than $20 million in gross revenues. The city says the $48 million in new taxes will go toward affordable housing and providing emergency services for the city’s swelling homeless population.”
Allow me to translate. The $48 million in new taxes will go toward, but not quite make it to its final destination. Oh, some of will be used to build “affordable housing” and provide “emergency” services, but a good percentage will likely be siphoned off and spent on increasing the size of the Seattle bureaucracy and increased regulation. It’s what liberal statists do. They see a pile of money and recklessly spend it. They also regulate, to the point of strangulation. It will be déjà-vu all over again.