Even using the City’s low-cost production number, it would cost $5,715,200,000, more than the entire budget of the City of Seattle for 2018 of $5,600,000,000. The tax on jobs doesn't put a scratch in that number; to build that many units a tax of $2.00 per hour of work, or 8 times the proposed tax.
from Forbes Real Time https://www.forbes.com/sites/rogervaldez/2018/04/30/seattles-proposed-tax-on-jobs-does-next-to-nothing-for-housing/
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