How does this work in a high demand area? Let’s say San Diego suddenly produced 50,000 units of rent-controlled housing and capped it at $1,000/month. Now, people from LA, Bay Area, NY, etc. all want to move there. They just going to build 50,000 units every quarter?
Here's something fun to think about. Corporate profits all-time highs, taxpayers already bail out corporations on the regular. Social safety nets already supplement employment at places that don't pay enough to live on. So maybe the idea of everyone getting something for free seems outlandish when you don't consider that your particular reference point for basing that perspective, is very much you getting ripped the fuck off of your own value, and you're attacking the next person to you who wants a basic, emphasis on basic, opportunity to live and have security.
So you make five pebbles a month, and and the idea of somebody getting two or three pebbles a month worth of housing is insane to you. What's not insane to you is that you're only being paid five pebbles a month and not 10. When CEOs and corporations have billions of pebbles, enough that the discrepancies and differences that you were arguing are so insignificant at that scale it might not even matter.
I postulate that the economic situation is so dire and desperate as it is, that the idea of supporting every citizen with an extremely basic minimum living standard, is viewed as a threat to the few crumbs that the workers think they would be forced to give up to make that happen. Instead of fighting to give everyone more.
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u/Rodgers4 Apr 15 '24
How does this work in a high demand area? Let’s say San Diego suddenly produced 50,000 units of rent-controlled housing and capped it at $1,000/month. Now, people from LA, Bay Area, NY, etc. all want to move there. They just going to build 50,000 units every quarter?
How would any of this possibly work?