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That's the real reason it "won't work." Enormous vested interests oppose it. Of course, an engaged and educated populace could overcome that. Or an enlightene
by nwah1 5y ago
That's the real reason it "won't work." Enormous vested interests oppose it.
Of course, an engaged and educated populace could overcome that.
Or an enlightened elite class who realized they could boost overall wealth and technological advancement with efficient fiscal policy... short run pain for elites in exchange for long run benefits (for them and everyone else).
- neilparikh 5y ago> Enormous vested interests oppose it. > Of course, an engaged and educated populace could overcome that. The "populace" is the "vested interest" that opposes it! The majority of voters are homeowners, and thus their material interests lie in land values rising. As a concrete example of this, Prop 13 was passed by a referendum, not politicians. As a general point, I think housing is the major weak policy point for the left. The overarching theory that drives their politics is that the wealthy and powerful are the major barriers to positive change. Housing is the one area where that isn't true; the barrier to improvement is the "average" person.