No Result
View All Result
  • Login
Thursday, July 30, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Socialist Seattle Mayor Gets Schooled on Raising Taxes

by theadvisertimes.com
2 days ago
in Business
Reading Time: 3 mins read
A A
0
Socialist Seattle Mayor Gets Schooled on Raising Taxes
Share on FacebookShare on TwitterShare on LInkedIn


What does a Democratic Socialist leader do when her city is facing a $175 million budget deficit? Why, raise taxes, of course. Seattle Mayor Katie Wilson isn’t winning any brownie points with citizens or other politicians. The cost of doing business in the Emerald City has been driving companies away, and Wilson’s wave-goodbye indifference has only heightened the problem. Now, the mayor wants to boost taxes – again – to help cover transit costs, and at least one Democrat had harsh words of warning for her.

Seattle Mayor Pushes More Taxes

The state and especially Seattle are facing an exodus of citizens and businesses, leaving the city with around 35% of its buildings unoccupied. Self-proclaimed socialist Wilson thinks the best way to pay for transit is to raise more taxes on a community already levied to stratospheric heights. Her proposal will increase the sales tax by 0.3% to fund additional bus services and free transit passes for impoverished families for ten years. At least citizens will have the opportunity to vote on the measure come November, but Democratic City Councilman Robert E. Kettle expressed his concerns in a letter to the mayor.



James Madison

Free with the Daily Briefing

85Essays

Unravel the Constitution

Hamilton, Madison & Jay’s complete case for America, free and searchable in the Publius Reader.

Free with the Daily Briefing. Unsubscribe anytime.

Wilson claimed it is a “package that respects people’s hard-earned dollars and brings 100,000 more bus trips to Seattle every year.” If it passes, “it will fund 22,000 free transit passes for low-income households.”

Kettle, however, expressed his concerns about an already high budget deficit and how the mayor should focus on addressing the city’s finances rather than adding to the burden. In the letter, he wrote, “To be clear, I support progressive taxes, generally. It is the layering of progressive tax on top of progressive tax, again and again, that has me and many others worried. This also is ‘inherently unsustainable.’  Important to note, continuing to use property levies to fund critical initiatives may not be an available option for both legal and political reasons in the future.”

Kettle went on to mention conditions in Seattle and the exodus happening due to the high cost of doing business there:

“I draw attention to these points because we do not live on an island in Seattle. For every action, there is a reaction, and we see this in tax policy as well.  Recent taxes aimed at sizeable Seattle businesses are now experiencing a backlash. Companies are asking their employees to work in Bellevue to avoid the growing tax burden in Seattle.  I know employees who wish to work in Seattle but cannot.  Underlining this point is that while tech jobs are growing across King County, they have stalled in the region’s marquee city.”

Socialism Proves Nothing Is Free

“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”  Winston Churchill

The misinformed believe socialism will provide goodies and freebies, yet they don’t understand that nothing is for free. Just paying attention to some of the policies socialist leaders put into place and the effects on the cities they run should be proof enough. Seattle is only one example; New York is another.

Liberty Nation Gen Z

The Big Apple’s Mayor Zohran Mamdani has a bevy of proposals that include higher corporate taxes, higher income taxes on wealthy residents, city-owned grocery stores, expanded public housing, and free buses. His free transportation idea is an expensive one, costing taxpayers approximately $500–$700 million per year to implement.

To address the city’s budget gap, Mamdani has proposed two options: tax wealthy residents and corporations or legislate a 9.5% property tax increase. As The Washington Post reported, his agenda would cost around $10 billion a year, and he proposed about $9 billion in new taxes to meet that need. Even Democratic Gov. Kathy Hochul has opposed such tax increases.

Seattle and New York may be separated by nearly 3,000 miles, but they’re reading from much the same playbook: bigger government, higher taxes, and promises of more “free” benefits. As history as proved time and again, the problem is that when businesses leave, taxpayers relocate, or investment slows, there are fewer people left to finance those goodies.



Source link

Tags: mayorRaisingSchooledSeattleSocialisttaxes
ShareTweetShare
Previous Post

Full stack observability co groundcover raises $100m

Next Post

Sixth Person Dies from Legionnaires’ Disease in Manhattan

Related Posts

Andy Jassy said Amazon will spend 0 billion this year—and still won’t have enough capacity

Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity

by theadvisertimes.com
July 30, 2026
0

Amazon’s stock price jumped more than 9% in after-hours trading on Thursday after the retail-and-AI giant reported second-quarter results buoyed...

US stocks: US market ends sharply higher, lifted by soaring Microsoft

US stocks: US market ends sharply higher, lifted by soaring Microsoft

by theadvisertimes.com
July 30, 2026
0

Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft soaring after the technology giant gave a...

A meat snacks baron and his son turned a failing Wisconsin business into a .6 billion-a-year empire. Here’s how

A meat snacks baron and his son turned a failing Wisconsin business into a $1.6 billion-a-year empire. Here’s how

by theadvisertimes.com
July 30, 2026
0

Few foods were as well-positioned as jerky to take advantage of the recent wave of interest in protein-rich foods. And...

Fed interest-rate decision rocks Wall Street’s inflation fears

Fed interest-rate decision rocks Wall Street’s inflation fears

by theadvisertimes.com
July 30, 2026
0

The Federal Reserve's July policymaking meeting ended with no interest-rate hikes nor forward guidance but with a boatload of Fed...

Semiconductor co Xsight Labs raises 0m at .8b valuation

Semiconductor co Xsight Labs raises $300m at $2.8b valuation

by theadvisertimes.com
July 30, 2026
0

Xsight Labs, an Israeli semiconductor company managed from Kiryat Gat that competes with Nvidia in connectivity solutions announced this...

Pitney Bowes outlines phase 2 strategic review while pushing nearest debt maturity to March 2029 (NYSE:PBI)

Pitney Bowes outlines phase 2 strategic review while pushing nearest debt maturity to March 2029 (NYSE:PBI)

by theadvisertimes.com
July 30, 2026
0

Earnings Call Insights: Pitney Bowes (PBI) Q2 2026 Management View "Second quarter results built on first quarter momentum and give...

Next Post
Sixth Person Dies from Legionnaires’ Disease in Manhattan

Sixth Person Dies from Legionnaires’ Disease in Manhattan

Binance Says Four in Ten bStocks Users Are New to Traditional Investing

Binance Says Four in Ten bStocks Users Are New to Traditional Investing

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

June 30, 2026
China’s U.S.-bound shipments fall in July after brief recovery, survey shows

China’s U.S.-bound shipments fall in July after brief recovery, survey shows

0
Andy Jassy said Amazon will spend 0 billion this year—and still won’t have enough capacity

Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity

0
Socialist Seattle Mayor Gets Schooled on Raising Taxes

Socialist Seattle Mayor Gets Schooled on Raising Taxes

0
Zimbabwe Has No Long Money

Zimbabwe Has No Long Money

0
Binance Says Four in Ten bStocks Users Are New to Traditional Investing

Binance Says Four in Ten bStocks Users Are New to Traditional Investing

0
Free Tax Counseling Programs for Seniors Are Already Preparing for the Next Filing Season

Free Tax Counseling Programs for Seniors Are Already Preparing for the Next Filing Season

0
Andy Jassy said Amazon will spend 0 billion this year—and still won’t have enough capacity

Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity

July 30, 2026
China’s U.S.-bound shipments fall in July after brief recovery, survey shows

China’s U.S.-bound shipments fall in July after brief recovery, survey shows

July 30, 2026
Free Tax Counseling Programs for Seniors Are Already Preparing for the Next Filing Season

Free Tax Counseling Programs for Seniors Are Already Preparing for the Next Filing Season

July 30, 2026
Forward-Deployed Engineers Are The Training Wheels For AI Reinvention

Forward-Deployed Engineers Are The Training Wheels For AI Reinvention

July 30, 2026
BenefitsCheckUp Can Match Seniors With Hundreds of Local Assistance Programs

BenefitsCheckUp Can Match Seniors With Hundreds of Local Assistance Programs

July 30, 2026
US stocks: US market ends sharply higher, lifted by soaring Microsoft

US stocks: US market ends sharply higher, lifted by soaring Microsoft

July 30, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity
  • China’s U.S.-bound shipments fall in July after brief recovery, survey shows
  • Free Tax Counseling Programs for Seniors Are Already Preparing for the Next Filing Season
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.