localities already have housing subsidies -- to incumbent property owners.
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Replying to @kimmaicutler @occupytheport
Rather than stoke generational and anti-"incumbent" resentment, why not work on ways to unpick Prop 13 justly?
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Replying to @MBridegam @occupytheport
bc young people won't pay attention unless they understand how broadly the CA system is failing future generations
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Replying to @kimmaicutler
Are you saying you realize it's more complicated, but you view this as a way to get young people's attention?
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Replying to @MBridegam
and also, quite honestly, I don't think the older generation understands how badly they've fucked it up.
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Replying to @kimmaicutler @MBridegam
destroying K-12, the Master Plan for higher ed, distorting municipal financing all for capturing more of real estate appreciation
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Replying to @kimmaicutler
Fair policy should remember to accoubt for rich 25-year olds, homeless Boomers and woefullly mortgaged low-income homeowners.
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Replying to @MBridegam
there are poor 25-year-olds. Statistically today's 25 year olds are substantially more rent burdened than the 1960s 25 year olds
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Replying to @kimmaicutler
There are poor 25-year-olds and rich 25-year-olds. And well-padded Boomers and poor ones. Look at individuals, not cohorts.
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Replying to @MBridegam @kimmaicutler
Empowering big real estate investors won't end economic injustice. Changing tax and subsidy structures might.
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but instead we have the reverse, & it's perversely more attractive for all these actors because of policies that boomers protect
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