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Shoot, back in the 50s the richest people were paying around a 70% tax rate which was used in reinvestment in the middle class
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Do you think that I'm also not for progressive income & wealth taxation?
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The YIMBY movement is empowering the rich to become richer in some sort of neoliberal version of Reaganomics. But it was the New Deal
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Housing & land wealth is a major contributor to inequality among other factors. https://www.brookings.edu/bpea-articles/deciphering-the-fall-and-rise-in-the-net-capital-share/ …
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You're right. And SB35 is allowing these areas to remain undeveloped. And this areas aren't the lower income areas that are being displaced
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Do you understand that SB35 will apply state-wide? Palo Alto, Marin, Walnut Creek, Piedmont...
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Parts of the Bay Area are de facto off limits to development.
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And we aren't a free market, but the whole "supple and demand" movement is breaking down regulations instead of refocusing them
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Including massive subsidized housing and loans
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That had empowered the working class in the first place. We need to re concentrate regulation in a way that empowers the working class
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