Free minds and free markets, liberty and responsibility. Fiscally conservative, socially liberal. I am VP @reasonfdn. Pardon any nerd rage you may encounter.
Once again, lawmakers rush to solve a problem that market is already solving. “Home purchases by investors plunged 6 percent year-over-year nationwide in the first quarter of 2026 to their lowest level since 2020.” https://t.co/gMQQurBbLx
📅 June 16, 12 PM ET:
Concerns over AI companions and children are driving calls for new regulation. 💻
Join ITIF's panel of experts from @CenDemTech, @futureofprivacy, @CatoInstitute, & @RSI for a conversation on the tradeoffs of proposed chatbot safety legislation.
Register here:
https://t.co/GuWSFEQb34
Mandating ignition kill switches in cars is bad policy. There are more effective and far less intrusive ways to reduce impaired driving.
https://t.co/PMO7VJY4Oe
The video of Debbie Brockman’s unjustified arrest by CBP agents gained widespread attention last October. Now she’s seeking $10 million in damages. https://t.co/iDD9xD8iD9
Every YIMBY I know cares deeply about building more housing. What often gets missed is that housing isn’t just zoning. It’s land acquisition, debt, equity, permitting, construction, operations, rent collection, maintenance, and long-term management.
Likewise, many developers underestimate what it takes to actually change policy: coalition building, stakeholder negotiations, public outreach, committee hearings, and the years-long effort required to pass legislation that survives the political process.
Tension comes from the fact that many self-described socialist housing advocates and politicians have spent years organizing around housing circles while advancing a fundamentally different theory of how housing works. They often believe government intervention, public ownership, and stronger controls can solve the problem, while many of us who finance, entitle, build, and operate housing see supply, investment, and predictable rules as essential.
Neither side has an easy job. I spend my days trying to get housing approved, financed, built, and operated while also fighting bad policies and supporting good legislation. Trust me: it’s complicated. The people building housing don’t understand politics as well as they think, and the people making housing policy often don’t understand what it takes to actually produce housing.
One of the many issues - there's no downside for lawmakers going full slopulist here. Block data centers, people who don't realize it's a normal part of the economy cheer. When people get mad their AI isn't working bc we don't have enough data centers, they'll blame the companies
The inequality debate has a framing problem. Many treat any rise in inequality as inherently bad and something that must be fixed. The real question is what kind of inequality are we talking about?
Thread 🧵
@CalECPA_ret@myflhouse@FLSenate Yeah, property taxes should be cut and overhauled. But without an analysis of effects, which hasn’t been done yet, you have property taxes go down and the taxes go up and wind up worse off! A sunset allows that to be fixed if it happens.
Here’s why @myflhouse and @FLSenate should put a sunset clause in the property tax reform measure they are debating. The state can cut property taxes. But many things will happen next, including big changes in local taxes that could make us all wind up paying MORE! We don’t really know how it will shake out, so a sunset clause makes it easy to do fixes once we do know how the property tax reforms do and do not work as intended. https://t.co/K7tIgg9d4l
Without addressing the underlying housing shortage, a Louisiana housing bill risks creating a cycle of repeat arrests that effectively turns jail cells into expensive temporary shelters.
https://t.co/328bhUnRNt
In Florida, tax cuts, passed pretty easily fortunately. So I’m not worried about that aspect of the sunset clause. What I am worried about is passing a major tax reform with zero analysis. Let’s by all means do the tax cut, but let’s by all means figure out what the heck it’s gonna do first so it can be designed to actually be a tax cut and not just a tax shift.
@FlashReport@myflhouse@FLSenate And you won’t. A sunset clause does not in any way moderate the tax cuts. It just makes it easier to deal with inevitable unintended consequences when this cause a shift in local taxes and more state control of local governments.
My latest @ReasonFdn on recent proposals for a “compute tax.” Supporters tend to have oversimplified and overconfident visions of our future with AI. https://t.co/gr6u4OZdE6
As @FLSenate@myflhouse consider property tax reform today, it’s clear the changes it will cause are hard to predict. So including a sunset provision is just prudent so future fixes are easier to do. Property tax reform is good but let’s create a pathway to success that’s realistic about complexities.
🧵 Lots of debate on this tax issue, but let me make a technical suggestion I think we all can agree on.
Nerd out with me for a second-
Florida’s 95% Rule (FS 200.065) is why your property taxes feel higher than needed. When setting millage rates, counties, cities, and schools must calculate taxes using only 95% (or less) of the certified taxable value…even though they’ll actually collect more.
Built-in cushion by design.
#FloridaTaxes 1/4
As part of HB 301, North Carolina is considering banning all kids under age 14 from social media. This takes a question meant for parents and imposes a one size fits all ban. https://t.co/joitTBw5IL
San Francisco, a city of 412,000 housing units, has completed 377 of them so far this year---but a leading candidate for Congress, Connie Chan, thinks that is too many
This has quietly been a miracle month in medicine.
In the last 5 weeks we’ve got news on:
- retatrutide, the triple agonist GLP-1 from Lilly, basically melting fat and body-wide inflammation at record levels
- RevMed’s new pancreatic cancer drug showing unprecedented abilities to extend life
- small trial of a one-and-done PCSK9 gene editing therapy for slashing LDL cholesterol
- Mayo’s AI-assisted radiology showing vastly improved cancer detection
- this new therapy for metastatic solid tumors
This stuff is at varying levels of evidence. Retatrutide is ~100% on its way, other stuff needs more clinical trial data. But put it together and we’re maybe on the verge of majorly reducing the mortality of heart disease and cancer, the two leading causes of death in America.
Businesses are fleeing blue states to go to red states.
Biggest losers in terms of corporate headquarters are SF, LA, NYC, Chicago and SD.
Biggest winners: Dallas, Austin, Houston, Phoenix, and Nashville.
Capitalism just works better than statism. Why can’t people admit it?