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increasing wages will fix part of the inequality crisis because as you go up from working class to billionaires you get less income from wages and more from cap
by tancop 4mo ago
increasing wages will fix part of the inequality crisis because as you go up from working class to billionaires you get less income from wages and more from capital gains. if you raise wages that changes the distribution to be more equal and thats a good thing. but i agree it wont solve housing by itself.
for housing we need to replace zoning rules with a neighbor vote, put the community back in control instead of bureaucrats who block new apartments for dumb reasons or take bribes from developers to build luxury investment properties nobody wants. there should also probably be an escape hatch where anyone can build affordable/rent controlled apts without a vote but only if the location has high enough average rent. that would help balance out inequalities and break up exclusive rich neighborhoods, maybe even help against racism.
the other side is lower costs with less paperwork (removing zoning makes a big difference) and enforcing competition in the home building industry. make it easier to start a new business and break up corporate monopolies. create a safe path for undocumented immigrants to legalize themselves so they can have labor rights, make legal immigration cheaper and more predictable.
- cpburns2009 4mo agoThese are diametrically opposed: > for housing we need to replace zoning rules with a neighbor vote, put the community back in control instead of bureaucrats who block new apartments for dumb reasons or take bribes from developers to build luxury investment properties nobody wants. > there should also probably be an escape hatch where anyone can build affordable/rent controlled apts without a vote but only if the location has high enough average rent.