We fixed ur tweet: U.S. needs to LEARN how to handle INCOME INEQUALITY. We used to plan for THE WEALTHY. Then we stopped building AFFORDABLE housing & gave HOMEOWNERS every tool to veto housing. We (divested) & made it hard for cities to fund public investment. Time for a shift.https://twitter.com/scott_wiener/status/993469962051244032 …
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Like your house probably accumulates more equity per year than an engineer makes in salary. And if everyone’s house is doing that, then that’s hundreds of billions of dollars every year which is more than California’s general fund. https://www.bloomberg.com/news/articles/2018-04-09/home-values-are-rising-by-800-a-day-in-san-jose …
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"...the absolute income difference between rich and poor often grew substantially....income trends do not suggest the existence of a rising tide lifting all boats, but rather separate ebbs and flows for households at different extremes of the distribution. https://goo.gl/df91v3
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