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For starters, it's never OK for a city with pension plans like San Francisco to reject growth, since that growth was factored in when determining ability to pay
by shuckles 7y ago
For starters, it's never OK for a city with pension plans like San Francisco to reject growth, since that growth was factored in when determining ability to pay those pensions. SF is able to tread water with its pensions while Oakland next door is not[1] almost entirely due to the tech industry.
The above logic doesn't apply to pensions exclusively, either. Much infrastructure, in CA especially which has Prop 13, needs growth to sustain.
Stasis is neither natural nor sustainable.
[1] https://www.sfchronicle.com/bayarea/philmatier/article/In-Oakland-money-intended-to-be-used-for-this-13827090.php https://www.sfchronicle.com/bayarea/philmatier/article/In-Oa...
- jsymolon 7y ago> Stasis is neither natural nor sustainable Neither is perpetual growth. Observation of nature shows that growth has bust cycles. aka, population grows till resources run out (food) and then the bulk starve and die.
- shuckles 7y agoHumanity has been engaged in perpetual growth for millennia now. Heck, the universe has been growing since day zero!