|
|
|
|
|
by danans
2706 days ago
|
|
> Many cities have subsidized housing (and/or rent control). The net effect is these people can 'afford' to live in areas while making lower pay. Many wealthy people who live in rent-controlled or property-tax capped housing benefited handsomely from the huge tax break passed by the previous Congress. Some of them have normal income but large inherited wealthbheld in securities like stocks, which also appreciated due to the corporate cuts. They can afford to live in places their income couldn't otherwise support. Your logic applies equally to that situation. You will always find people who you can argue unfairly benefit from a redistribution scheme. At least with subsidized housing the program is government administered so it can be accounted for when considering UBI. UBI doesn't erase the reality that some people got a better deal in housing, or life, but for a huge number of people who are scraping by, it helps put a floor under them. |
|
> You will always find people who you can argue unfairly benefit from a redistribution scheme.
A redistribution scheme is inherently unfair.
> At least with subsidized housing the program is government administered so it can be accounted for when considering UBI.
Subsidized housing creates artificial housing demand, raising rents. Without subsidized housing, wages would need to raise in order for people to live in a given location or rents would need to fail. Failing rents make rental units less profitable, thus more people would be able to purchase homes and get out off the rent treadmill entirely.
Solving the affordable housing problem cannot be achieved by subsidizing low wages and high rents.