Even if you taxed all of Jeff Bezos' net worth to zero, it would compensate for a little more than 1 year of home price appreciation in SF. (I support more progressive taxation, but voters literally do not understand the scale of these problems.) https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html … https://twitter.com/Austen/status/1133365603689934851 …
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Replying to @kimmaicutler
Why is home price appreciation the important metric? McKinsey estimates $410MM a year would largely solve Seattle's problem, which seems well within a billionaire taxhttps://www.seattletimes.com/seattle-news/homeless/more-affordable-housing-only-way-to-solve-seattles-homeless-crisis-new-report-says/ …
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Replying to @dtdunk
Homelessness & housing affordability are deeply interlinked. The more expensive homes get, the more expensive it becomes to acquire/build them to create permanently affordable housing & the more expensive rental/re-housing subsidies become to put people back into private rentals.
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Replying to @kimmaicutler
I get your point, but there is a redistribution of wealth in the bay area that exists to solve this problem. We just don't want do it.
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Replying to @dtdunk
There are many different kinds of wealth inequality that manifest in incomes (like income inequality), wealth in terms of capital/equity ownership within companies, property/real estate wealth, inherited wealth, etc.
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Correcting Bezos' wealth inequality for say the impacts of minimum wage work/automation... might be more appropriate than correcting his wealth inequality for property wealth inequality.
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