Wizard_of_Rozz

Wizard_of_Rozz t1_jadfeyx wrote

The old timers will tell you: say no to rent control. It doesn’t work the way you hope it will. Why not institute price controls across the board? Why not medical and educational price controls?? It’s a valid question: why not just decree everything has to be affordable? The cascading consequences of price controls are complex and ripple through real people. Those with knowledge, money and power will ultimately benefit most, while the rest will bear the cost. Look at how rent control has played out everywhere in the US, including Boston. It was an unmitigated disaster here.

Many look at Singapore as a good example of government fixing a housing problem but after decades, this is also being reexamined as there have been lots of unintended consequences.

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Wizard_of_Rozz t1_j6mv8n5 wrote

I grew up hearing horror stories about a relative losing a fortune to gambling. It’s that one vice that can outspend any other. Check out Terrance Watanabe’s story for example. I personally believe gambling should be regulated and legal. It’s a tax on folks that fall into the trap. It’s not anything to be celebrated.

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