Jeff Bezos

Note to Jeff Bezos and friends: With great wealth comes great responsibility

Note to Jeff Bezos and friends: With great wealth comes great responsibility

On Tuesday, June 12, by a vote of 7 to 2, the Seattle City Council reversed its unanimous decision of one month earlier to impose a new tax on the wealthiest Seattle corporations. The tax would have raised $50 million per year for programs to address the challenges posed by Seattle’s high rate of homelessness, a consequence of the sky-rocketing housing costs that have accompanied the city’s economic growth. The corporations on which the proposed tax would have fallen — including Amazon, Microsoft and Starbucks — waged a massive campaign against the tax, and the result was a humiliating reversal of the City Council’s previous decision.

To understand the effect of the proposed tax...

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