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Writer's pictureHà Thanh

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Don't blame taxes. We don't have a problem with excessive taxation. If anything we have the opposite problem as evidenced by our revenue. We haven't run at a surplus since clinton (sort of) and it's because every republican president has cut taxes to an unrealistically low amount.

I'm with you when it comes to rent control, but I fail to see how anything else you cited is the problem, especially when it comes to housing. This is a simple supply and demand problem. These cities have all the jobs and limited housing. People need to live near where they work in order to take advantage of the job, which increases demand beyond supply. That causes rents and housing prices to soar. What we need to do is increase supply, but because we're dealing with real estate, there's only a limited amount of space where we can do that.


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