Every employee can demand more or leave their job and find another.
Discussion
Can, but that also comes withbthe risk of not being able to find one better.
64% of Americans are now living paycheck to paycheck.
Rent control is not the answer
Essentially rent control is saying;
"Hey look, we see you got extra money to make money from less fortunate folks you can only make so much before you start tipping over dominoes "
Over a long enough time horizon bitcoin will fix this. People will stop putting their savings in real estate and only own properties they reside in or do business in.
Rent control is a form of communism
I don't care what solve us all getting fucked paying more just to pay more, it just need to stop.
The root of the problem is that the money is broken, you can not fix this from within the current system. Socialism and communism will make the world worse. The best thing we can do is stack sats and opt in to the bitcoin only circular economy.
I’d guess you do care. You wouldn’t for example accept the death penalty for landlords who raise rent. I think what they are saying here is that if we look at all the things that rent control causes compared to what it accomplishes, you’re unlikely to like that better. Or at least that they don’t.
The classic story of economics is that law x with intent y fails to achieve y and ends up causing a bad, unintended z.
Well said Mark!