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throwaway342526 | 11 years ago

"Rent control is a subsidy to renters paid by landlords"

I'd expand on this: Rent control is a subsidy to current residents, paid by future residents. The landlord is merely a conduit across which the wealth transfer flows.

discuss

order

klipt|11 years ago

And don't forget: Prop 13 is a subsidy to current landowners, paid by every other Californian taxpayer.