Interview · moment 21 of 28

Global Elites, Real Estate Money Laundering, and Political Cash

from #204 - Katie Herzog | The Tim Dillon Show · #204

5 min

Guest

Tim argues wealthy elites treat cities like money-laundering vehicles disconnected from any national loyalty, and questions whether they care about places like Detroit or Chicago's South Side, while discussing how campaign spending (Bloomberg, Koch brothers) does or doesn't sway elections.

In this bit9 moments
  • All the prime real estate on the California coast and Puget Sound has been taken over by insanely wealthy powerful people.
  • Foreign speculation and empty investment condos create cities where multi-million-dollar high-rises sit vacant—it's money laundering.
  • Developers won't build cheap single-family homes when they can build expensive high-rises; that's the real housing crisis driver.
  • Washington State has no income tax because it's unconstitutional, which is exactly why billionaires and Amazon chose to locate in Seattle.
  • Jeff Bezos initially wanted to put Amazon headquarters on a Native American reservation for even more relaxed tax laws.
  • Amazon opposed Seattle's proposed head tax so fiercely that Bezos threatened to halt construction and move the company.
  • Seattle city council member Shama Sawant, a socialist, pushed the head tax and wants Amazon out of the city entirely.
  • Sawant stood in front of the Bezos Balls screaming about workers' rights and a tax on Amazon while construction workers behind her chanted against the head tax.
  • Socialists claim to fight for the working class, but the working class itself is saying no to their policies—that's identity politics.
Mentioned here

Jeff BezosAmazonShama Sawanthousing crisisSeattleVancouverPuget Sound

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