Seattle residents have once again voted to raise the cost of housing to lower housing costs. If it sounds contradictory, you must be new to the Emerald City. Here, a liberal ethos prevails, with a penchant for endorsing any proposal cloaked in the mantle of progressivism. Consider the Seattle Housing Levy as a case in point: a colossal program nearing $1 billion, earmarked for the construction of affordable housing. This levy did not simply extend a pre-existing tax from 2016; it more than tripled the tax rate from 14 cents to 45 cents per $1,000 of assessed property value. Predictably, the levy passed with early voting results showing a commanding 66% support. The only firm number the levy commits to is a mere 3,200 new rental home constructions. MAJOR DEM DARK MONEY NONPROFIT POURED $150 MILLION INTO PROGRESSIVE CAUSES IN 2022, TAX FORMS SHOW While it helps build some affordable housing, it also increases the cost of housing. Homeowners will see their property tax bills surge by roughly $400 annually. Tenants wonât be spared either, as these tax hikes are passed along via increased rents. Adding insult to injury, the levy allocates $30 million for rental assistance to 4,500 tenants, yet the administrative costs to implement it are twice as much. This is in a city where the median house price has soared to $800,000, and where record-high fatal overdoses and a surge in homicides have marred the previous year’s statistics. This trend mirrors the distressing trajectory of other Democrat-run cities, where residents pay a premium to live in areas that are deteriorating thanks to extreme leftist policies. As I write about extensively in my new book, “Whatâs Killing America: Inside the Radical Leftâs Tragic Destruction of Our Cities,” the progressive conviction is that housing is an inalienable human right. …
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