Eric Swalwell in 2023: Don’t Take His Word He Did Nothing Wrong With...
The Rig Picture: Nancy Pelosi Warns That Trump Is Planning to Hack Our...
Hacked? UK Home Office Promises Grooming Gangs Inquiry, No More Policing of Social...
Celebs Sign Open Letter Demanding ICE Detention Facility Holding Children Be Shut Down
David French Says Trump Is the Worst Free-Speech President of His Lifetime
The TDS Crowd and Lib Media Do NOT Like Trump and Hegseth's Response...
LGBTQ Crowd Lobbies Worcester City Council to Become a 'Sanctuary City for the...
New Law Forces Boise Mayor to Take Down Pride Flag From City Hall
Rubio Tuesday
Voters Don't Love Republicans — But They're Terrified of Democrats
NBC News: ICE Will Be Stationed Outside Graduation Events for New Marines
Judge Blocks Construction of White House Ballroom Unless Congress Authorizes It
Disappointed Gov. Gavin Newsom Says Conversion Therapy Is Discredited Junk Science
Mehdi Hasan: 'Nothing Justifies October 7 but October 7 Justifies Everything'
The Cult Strikes Back: Chicago Bulls Waive Jaden Ivey for Calling Out Forced...

Raging Grannies cheer as Seattle adds high-earner tax to $15 minimum wage win; Next, housing justice

It was just a couple of weeks ago that Seattle began seeing some hard numbers come in reflecting the effect of the city’s adoption of a $15 an hour minimum wage. Not that everybody with a basic understanding of economics told them so, but low-wage workers’ earnings appear to have dropped by $1,500 a year, and the $15 minimum hasn’t even been fully phased in yet — maybe that’s when everybody starts making money.

Advertisement

Never fear: Seattle’s City Council has come to the rescue, on Monday approving a new income tax on high-earning residents, many of whom are probably considering life as former Seattle residents.

The vote is considered a test case because, as KING 5 in Seattle reports, the Washington state constitution includes a uniformity provision that states “taxes need to be uniform upon the same class of property.” Because the court ruled in the 1930s that income is property, the city’s tax on high earners wouldn’t be legal unless the State Supreme Court reinterpreted the law.

Advertisement

KING 5 adds that, under the ordinance, “wealthy residents would pay a 2.25 percent tax on income in excess of $250,000 for individuals and in excess of $500,000 for married couples who file taxes jointly.”

Council member and proud socialist Kshama Sawant now has checked off the second of three goals, the third of which is “housing justice.”

Advertisement

Eventually the minimum wage and the high-earner income tax will be raised so that everyone ends up with the same amount of money, right?

* * *

Related:

 

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement