Serving Franklin County, WA
Serving Franklin County, WA
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An extensive study published by the National Bureau of Economic Research concludes that universal basic income, the government gifting of taxpayer dollars, doesn’t have the effect that proponents of forced re-distribution of wealth would have hoped for. In fact, the opposite is true. A universal basic income promises a government guaranteed income which is supposed to improve the economic situation of those receiving the money, typically median or lower income families. The s...
Demographia has just published a study, authored by Wendell Cox, that compares the affordability of housing in the international marketplace. The conclusions show that while Washington state isn't the most expensive, it is on its way to the top spot. What's sad is it's all avoidable with some simple changes to state policy. Currently, Seattle ranks 73 out of 100 of the most affordable major cities to live. The study summarizes that the high prices are "largely the product of...
In a backwards approach to helping tenants, the Federal Government is capping rent increases on subsidized housing at 10% in a bid to reduce the cost of rental properties. The result, should the measures be adopted, will be exactly the opposite and rents will go up. When you place caps on rent, instead of letting the market drive the pricing, the supply of rental property declines and the result is higher demand and higher prices for rent. There is a short-term impact to...
House Bill 2114, otherwise known as rent control, that passed the Washington State House of Representatives February 13 on a party line vote, appears to have died in the Senate and failed to pass out of committee. HB 2114 would have limited rent and fee increases to 7% and would have increased the notification period to 180 days for increases over 3%. The tenant would have been able to terminate a lease within 20 days and if the increase is over 7%, the tenant would have...
The Interstate 405 and state Highway 167 toll lane experiment is losing money. Now, the state Transportation Commission is considering increasing tolls by up to 80% to $18 each way on I-405. The increase will cost an I-405 commuter, using the lanes at peak toll periods, around $720 per month or $8,640 per year. If you travel the entire Highway 167 and I-405 corridor you could see a toll of up to $54. The state Department of Transportation fiscal report for the tolling project...
Former state senator and current state Director of Commerce Lisa Brown rightly describes the difficulties a small business startup faces in Washington. Brown says the state Department of Commerce is helping small business owners navigate the complicated array of regulations and mandates that the very same government agency had previously imposed. But Brown completely glosses over the underlying problem small businesses face when they first start; that is, over complex...
Washington has one of the highest minimum wage levels in the U.S. For workers who have a job this sounds like a great deal, but as with all things the government mandates, there are some serious, negative consequences, primarily on young and entry level workers who are forced into joblessness. Nowhere is the harm imposed by a high minimum wage demonstrated more clearly than in Seattle, where the city council has aggressively increased the minimum wage over the last few years....
Due to the federal government changing the unemployment benefit eligibility rules mid-pandemic, some Washington residents, who have been receiving unemployment benefits, will now have repay the benefits despite being approved to receive benefits initially. The Pandemic Unemployment Assistance (PUA) program, launched shortly after the pandemic started, did not fully verify that a benefit claimant was eligible for program benefits. Claimants that applied under the rules of the...
