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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Replying to @housingrightsSF
I think both of these statements are true at the same time.
1 reply 0 retweets 11 likes -
Replying to @kimmaicutler @housingrightsSF
Kim, since "both of these statements are true at the same time", so that means... U.S needs to learn to handle GROWTH IN INCOME INEQUALITY. What you had in mind?
1 reply 0 retweets 0 likes -
Replying to @pcohensf @housingrightsSF
Yes but I think that progressive income taxation should be for services like education and healthcare and not for feeding additional real estate appreciation until we fix some of the distorted incentives that make land appreciate faster than median incomes.
2 replies 0 retweets 1 like
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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