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Sam Myovich's avatar

One of the ways the morbidly rich use their unfathomable wealth is to engage in various forms of real estate speculation. As a result, their monies have contributed to the rising cost of rent, home prices, and thus homelessness.

In response, advocates for the homeless in Los Angeles have placed an innovative measure on the November ballot that deserves national attention. The measure calls for a 4-5% tax on real estate transactions over $5 million. Proceeds from this tax would assist seniors at risk of eviction, provide legal aid for renters facing illegal removal from their homes, promote construction of low-cost housing, and render direct aid to the homeless.

This is measure ULA (United for Los Angeles). Its principal sponsors are a host of organizations devoted to helping the homeless. The public face of this measure is comedian Adam Conover. Perhaps he might be available for an interview on your program?

A special word of thanks to the Orange Juice blog for making me aware of this initiative.

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Patricia Lane's avatar

Thanks for this Primer on taxes and impact on the economy and people.

When I say people I’m referring to those average Americans, who are at the mercy of the wealthy, who also happen to be the most powerful in this and many other countries in the world. Power is money.

I always think of the Republicans like a scene from the Wizard of Oz.

As long as the truth is hidden , just like the Wizard, they retain wealth and power .

‘ I am the great and powerful Oz’ . Substitute Trump, Maga, Republican .

Then the curtain gets pulled aside and we know exactly who Oz is. A con man , a thief and a bully.

They’ve progressed , or regressed to thugs.

Thugs who possess all of the Character of an Oz.

Appears after all to be None.

The Wizard is a imposter. Good name for the current Republican Party.

‘The Imposters. ‘

A much more genteel name than ‘The Liars’

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