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Sorry to hear that. I have no idea how most people afford rent. I do OK, and rent hikes the last 2 years were making me nervous. I cannot imagine how someone
by silisili 5y ago
Sorry to hear that. I have no idea how most people afford rent. I do OK, and rent hikes the last 2 years were making me nervous. I cannot imagine how someone making retail/service wages are even surviving. I really wish the government would or could do something to help here.
- adam_arthur 5y agoWhat they could do, lower tariffs, subsidize capital investment into production of lumber/housing, aggressively push and fight for higher density residential zoning, limit leverage allowed for investors of buy and hold rental properties, eliminate capital gains tax advantage for income above $1 million/year, enact temporary taxes on non essential consumption items, restart student loans (billions a month in excess spending for consumers). Etc etc Instead they keep trying to tie BBB to inflation fighting, when its provisions are nothing of the sort. They handed consumers far too much money, and need to suck it back up in a way that targets discretionary spending (vs essential spending). Too bad they won't...
- PuppyTailWags 5y agoHow much of this would be approved by both parties? [The democrats in the house, the republicans in the senate]
- adam_arthur 5y agoThe Democrats passed the ARP with 0 republican support, and they can do the same now via reconciliation. But they are proposing BBB, not these things. Reconciliation does have limitations in that the matters must be budget related, but seems pretty easy to fit most of these under that umbrella. They can resume student loans at the stroke of a pen