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by princearthur 598 days ago
It's really an amazing study in political science. Progressives are supposed to be all about helping the poor, but some were sold a camouflaged dystopia.

To reach utopia - the fantasy goes - we must first travel through a dystopia in which the poor are enserfed by the housing barons, paying upwards of 70% of their income in rent. Unfortunately the dystopia never ends in practice.

Then there's the perplexing question of how real estate taxation got to this point. As the saying goes, a real estate family that pays any income tax at all needs to fire their tax advisor.

1 comments

And that last point describes a certain entitled developer over the last decade. Obsessively beg not to pay taxes, for example running the old DC post office building after winning a competitive bid, where everyone one else priced in the cost of doing business.