In order to build public housing on Central Park the effective value of the subsidy to each of the families that receive housing there would be hundreds of thou

In order to build public housing on Central Park the effective value of the subsidy to each of the families that receive housing there would be hundreds of thousands of dollars a year. That’s like buying Ferraris for people that can’t afford public transport. It’s a bad idea for two reasons - one is that it basically minimizes as opposes to maximizes the public dollars spent, and two public transfers are not supposed to be lottery tickets but rather safety nets.