Taxing the rich is Seattle's plan for preserving affordability

Amid the mansions of tech billionaires and millionaires, the luxury stores and upscale eateries, Seattle is having an existential crisis.
There’s a deepening wealth gap and housing costs are soaring beyond the reach of many working people, including software engineers whose salaries average $120,000 a year (and those are U.S. dollars). And the question that’s being asked is: Is this a city only for the wealthy?
Sound familiar? Well, yes. But the solution that Seattle’s city cou