"there are always tradeoffs"-- some wise housing sage one time
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Replying to @upwithppl @uhshanti and
Kim-Mai Cutler Retweeted Kim-Mai Cutler
Want 33% affordable cross-subsidized by a wild jobs-housing imbalance? It will be done on the back of Oakland's rental market!https://twitter.com/kimmaicutler/status/1148658286666739713 …
Kim-Mai Cutler added,
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Replying to @kimmaicutler @markasaurus and
evergreenpic.twitter.com/CGlvQSXlBw
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Replying to @uhshanti @markasaurus and
You do realize that everytime the city/state doesn’t adequately fund something upfront, it then sets itself up to become more structurally dependent on HNW individuals, business and capital later.
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Replying to @kimmaicutler @markasaurus and
thankfully HNW individuals, business and capital don't spend gobs of money fighting modest taxation
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Replying to @uhshanti @markasaurus and
Like everytime public sector comp goes up and isn’t adequately funded, more capital — not less — gets put to work in high risk, high yield forms of investmenthttps://www.institutionalinvestor.com/article/b1dlj28r8n7qd9/CalPERS-Moves-Forward-on-Private-Equity-Revamp …
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Replying to @kimmaicutler @uhshanti and
i think you're confusing correlation and causation on that one. the calpers board wanted very very much to get into those arenas regardless of any theoretical need. but that's really a sidetrack
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Replying to @upwithppl @kimmaicutler and
but if your point is: yes, the wealthy should pay way, way more up front to fund the vital necessities that we all need and which broadly benefit us all even if not always directly and obviously, then i think we can agree
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Replying to @upwithppl @kimmaicutler and
it only took 12,000 tweets but we discovered social democracy
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Replying to @uhshanti @kimmaicutler and
okay my work here is done. you guys run with it
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it's more like half of the point. Necessary but not sufficient. The state and city is going in this direction, but what it results in is a highly brittle, unpredictable revenue system. 40% of CA's ~$100B+ in income tax comes from the Bay Area even though its 17% of the population
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Replying to @kimmaicutler @uhshanti and
that's not running with it kim-mai, that's just being a nattering nabob of negativity
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