4 ms·
I think San Francisco is simply explained by the Georgist interpretation of the same city in the 1900's. The city awards landlords with lots of income from corp
by conanbatt 8y ago
I think San Francisco is simply explained by the Georgist interpretation of the same city in the 1900's. The city awards landlords with lots of income from corporate and sales taxes, and reduced property taxes. Then piles on rent-control to produce pseudo-landlords. The interests are very misaligned, and thus you get high rents in old buildings, homeless people and a transient-disproportionally foreign- population.
But the music stops: at some point the bargaing of a tech-job will not be enogh to keep people in.
- linuxftw 8y agoI think we'll see a new age in public housing and basic income in SF before the music finally stops there; we might see some dips and down turns, but it's got a long way to go before it approaches that cliff. With the right political administration in power at the right time, they might even be able to wrangle a bailout from the rest of the country! The midwest successfully did it vis-a-vis UAW and GM (sure, the fatcats got a taste, but the real money was in preserve the taxbase of those towns and saving the workers' pension).
- conanbatt 8y ago> I think we'll see a new age in public housing and basic income With a tax expenditure of 2,600U$S per household by the city management, i wouldn't expect any basic income ever.