I get why they want it. But you can’t just let a few stand in the way of progress. Single family no business housing shouldn’t have a place in urban environments.
I’m sympathetic with that argument. But I also remember that’s what they said when they ran highways through thriving Black neighborhoods and gentrified Katrina climate refugees out of New Orleans. The likelihood that this bill will replace struggling minority neighborhoods with empty storefronts and investment condos for the ultra rich deserves some consideration.
That kind of logic is how you get less taxes on the rich.
I’d argue that the real impact of a higher marginal tax rate on someone who already has more money than he could ever spend is far less than the real impact of putting in an apartment complex down the street from someone. If anything, the poor should have a greater voice in government tax policy and welfare policy than the rich, since they’re much more strongly impacted by both.
I’m sympathetic with that argument. But I also remember that’s what they said when they ran highways through thriving Black neighborhoods and gentrified Katrina climate refugees out of New Orleans. The likelihood that this bill will replace struggling minority neighborhoods with empty storefronts and investment condos for the ultra rich deserves some consideration.
I’d argue that the real impact of a higher marginal tax rate on someone who already has more money than he could ever spend is far less than the real impact of putting in an apartment complex down the street from someone. If anything, the poor should have a greater voice in government tax policy and welfare policy than the rich, since they’re much more strongly impacted by both.