Tech Workers Brace For Seattle's Plan to 'Tax The Rich'

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https://www.youtube.com/watch?v=FdKcZK346ss Kate and John Walter see themselves as victims of a housing crisis spawned by Seattle's technology boom — but they disagree whether high tech workers like them also should be the solution. The married Seattle couple are among thousands of tech workers whose rising salaries have made rents and mortgages soar in the city. It's a common issue in urban areas where Amazon, Microsoft, Tesla and other technology giants have expanded their presence and payrolls. Seattle's latest attempt to address the affordability crisis is "tax the rich" — a new income tax on anyone making more than $250,000 a year or couples making more than $500,000. If it overcomes a legal challenge, the tax would be earmarked for...

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