[skybrian]

It's expensive and all the money ends up in landlords' bank accounts. Not sure taxpayers are into that?

(If the funding came out of property taxes, then at least the money would be both coming and going to land owners, but Prop 13 prevents that.)

[Retric]

It's still ends up in federal taxes, and considering social security benefits are based on income it would directly help workers long term.

It would also act as downward pressure on rents as people left the city for better opportunities elsewhere.