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Umka36

Seattle reverses course on business tax after Amazon pressure

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Found this interesting:

 

"A study commissioned by the Chamber of Commerce, however, found the tax would have cost Seattle about 14,300 jobs and $3.5 billion in economic output. The council expected the head tax to raise $47 million in revenue."

 

http://thehill.com/homenews/state-watch/391807-seattle-reverses-course-on-business-tax-after-amazon-pressure

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The problem with many politicians is their cluelessness that one seemingly isolated action on their part has consequences that had never dawned on them.  This is the danger of "good intentions."


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17 hours ago, TBoneTX said:

The problem with many politicians is their cluelessness that one seemingly isolated action on their part has consequences that had never dawned on them.  This is the danger of "good intentions."

The law of unintended consequences.

 

 


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19 hours ago, Umka36 said:

Found this interesting:

 

"A study commissioned by the Chamber of Commerce, however, found the tax would have cost Seattle about 14,300 jobs and $3.5 billion in economic output. The council expected the head tax to raise $47 million in revenue."

 

http://thehill.com/homenews/state-watch/391807-seattle-reverses-course-on-business-tax-after-amazon-pressure

In Left Wing Math, the numbers would have been justifiable.


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5 hours ago, jg121783 said:

It's funny liberals like to tax and spend until it is their companies being taxed.

As left wing as many companies appear, in reality, they are in the business of one thing, making money for their investors.


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