Seattle’s ‘Poverty Excuse’ Would Destroy the City | Seattle Real Estate Podcast

This policy would basically give anyone with a good sob story a green light to violate property rights at will

Matthew Humphrey recently lost $4,000 worth of goods in a theft of his Seattle barbershop. Under a new proposal the Seattle City Council is considering this month, what happened to him wouldn’t even be a crime—if the thieves claimed they were driven by poverty, that is.

And so, while perhaps some homeless or poor people might benefit from lawless looting in the very short-term, this reform would almost certainly destabilize and erode the city’s economy and incentivize crime. If businesses cannot operate, jobs will not exist, wages will not be offered, taxes will not be paid, and, in short order, crime and poverty will only increase.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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