Seattle’s Mayor Ed Murray is against a city-wide property tax increase to fund King County Metro routes. Apparently, Murray believes that “any transit financing plan — either short-term or long-term — must reflect the reality that Seattle’s economy depends on people coming into the city from throughout the Puget Sound region…”
Interesting perspective on how a tax—or say a minimum wage increase—could serve to discourage people from buying property—or starting a business—in Seattle.
Here is a reality Murray should come to terms with rather quickly: by delivering a plan that would implement a city-wide $15 minimum wage with no exceptions, Murray has already sentenced Seattle to an economic death. Just as an outrageous property tax repels potential home-buyers and pushes people out of Seattle, an outrageous minimum wage repels potential businesses and pushes businesses out of Seattle.