Read more on this subject: TAXES: Local
News Story Source: themaven.net by Mike Mish Shedlock
If you want more of something, you subsidize it. A tax on corporations to shelter the homeless is guaranteed to do one thing, increase the number of homeless moving in to take advantage.
Nonetheless, on May 14, in an idiotic move, the Seattle city council put a head tax on corporations. Today, the city reversed course.
The New York Times reports Seattle Officials Repeal Tax That Upset Amazon.
Seattle officials scuttled a corporate tax on Tuesday that they had wholeheartedly endorsed just a month ago. The vote delivered a big win for Amazon and offered a warning to cities eagerly bidding for the retailer's second headquarters: This is a corporation that will go to the limit to get its way.
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