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I don't know anything about the California controversy and I certainly don't think union workers should mandated on new construction in NYC, but I was glad that
by bradleyjg 10y ago
I don't know anything about the California controversy and I certainly don't think union workers should mandated on new construction in NYC, but I was glad that tax deal died in Albany. It was a terrible program.
Under it billions of dollars of tax revenue over decades which otherwise would have been owed by extremely wealthy people often on their third or fourth home was forgiven and in exchange a few hundred affordable apartments in some of the most expensive neighborhood were handed out to lucky lottery winners. It was about the least efficient affordable housing program imaginable.
A much much better idea would have been to collect the full owed property taxes on the new buildings for billionaires going up in Manhattan and use the money to do more good for many more people. Mostly in the outer boros where the dollar goes further.
- GarrisonPrime 10y agoIt would depend on how well that money was managed. If history is any guide, I suspect not well.
- dpark 10y agoIt's hard for me to imagine the government being simultaneously too incompetent to spend tax money sensibly but competent enough to direct an effective lottery based affordable housing program. If you suppose that the government can't spend taxes wisely, then you seemingly must also suppose that any alternative affordable housing program would be run into the ground by the same incompetents.