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Friday, August 11, 2006

News I-Martin Selig

Posted by JOSH FEIT on August 11 at 10:16 AM

I-920 should be renamed I-Martin Selig.

920 is the initiative to repeal Washington state’s estate tax (which affects about 200 families—those people whose estates are above $4 million for couples.)

On August 8, Selig—the prominent Seattle developer —dropped another $175K into the campaign’s coffers. That brings his total contributions to $807,500. With the only other major donation being $50K from the Nordstrom family, Selig’s contributions now make up about 80% of the campaign’s $1 million total war chest.

Since it’s likely Selig will save tens of millions of dollars if the estate tax is repealed (the rate for the very rich is about 19%), I guess a million buck investment is well worth it to him.

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1

Which makes it all the more hilarious when they trot it out as a "community-driven citizen's initiative."

A community of millionaires.

Posted by Whipper Snapper | August 11, 2006 10:42 AM

2

The Columbia Center is my favorite Seattle Building. It big, black and beautiful, Seattle's future, moving away from the low density past. Martin Selig gave Seattle this gift to the Seattle Community, so he is community minded.

Posted by Columbia Center | August 11, 2006 10:59 AM

3

the funny thing is, most voters will be sucked in by the title, and the inevitable ad of a mythical old granny lady not able to build a 50-story condo apartment building on her family farm so she can pay for her operation ...

Posted by Will in Seattle | August 11, 2006 11:53 AM

4

Heh. Martin Selig - a community of one.

At least the Gateses believe in paying their taxes.

Posted by Tlazolteotl | August 11, 2006 2:39 PM

5

Will Martin Selig save anything if the initiative is passed? Doesn't the estate tax only kick in after the ultra-rich die?

Posted by josh | August 11, 2006 2:39 PM

6

Martin Selig is a local hero for building Columbia Center. It's a beautiful building. "Old Seattle" is against it, but to me Columbia Center is our bold future. We should fill downtown with buildings like it.

Posted by Columbia Center Fan | August 12, 2006 2:21 PM

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