@JonConn65769672@SNYGiants Because legality isn’t morality. At one point having slaves was legal! Historically, the US a country built by immigrants, made it something achievable. Trump now asks legal immigrants 100k for a 1HB. People who worked hard. Laws are arbitrary
@Demoncoww@im_josiah_@TMSTRS_@Breaking911 California’s tech economy was built on public university research (UC system), DARPA-funded internet infrastructure, and decades of federal defense contracts. Libertarian mythology applied to one of the most publicly subsidized economic ecosystems in human history.
@Demoncoww@im_josiah_@TMSTRS_@Breaking911 “$1.1 trillion in wealth” treats paper asset valuations as if they were liquid tax revenue leaving the state. California’s economy and tax are dine. The billionaires mostly moved to states that still benefit from the federal infrastructure California’s taxes helped build.
@Demoncoww@im_josiah_@TMSTRS_@Breaking911 This ur best point lmao.
Austin also has: no state income tax, massive corporate subsidies attracting tech relocations, buildable land, yet it’s still unaffordable for low-wage workers. It’s one city in a very different context, not a universal model
@Demoncoww@im_josiah_@TMSTRS_@Breaking911 NYC’s housing crisis predates modern tenant protections. The overcrowding, exploitation, and unaffordability that drove rent regulation into existence in the first place, that was the market operating freely. Rent control was the response to the failure, not the cause of it.
@Demoncoww@im_josiah_@TMSTRS_@Breaking911 California also has the world’s 5th largest economy and extreme wealth concentration. High poverty alongside high wealth is an inequality story, not a rent control story.
@Demoncoww@im_josiah_@TMSTRS_@Breaking911 I promise you the tenants actively living there trying to live a live in the present and constitute said city will appreciate it