Many of the currently homeless were once members of the middle class who ran into hard times during the 2008-2009 financial crisis or its aftermath. From Doug Casey at internationalman.com:
International Man: There is a growing homeless crisis in liberal West Coast cities, including San Francisco, Portland, Seattle, and many others. People living on the street are overrunning these cities.
Residents must deal with human feces, syringes, disease, and filth every day. In some areas, it’s worse than the dirtiest slums of Brazil, Kenya, and India.
How did this happen?
Doug Casey: Well, taking a long-term view, I see it as part of the continuing decline of Western civilization.
The West has always been distinguished relative to the rest of the world by its order, its cleanliness, its respect for property rights. These things are all going by the wayside. We were a middle class society with “bourgeois” values, essentially Boy Scout virtues. But these things are now held in contempt, even while the middle class is being squeezed. “Ground between the millstones of taxation and inflation,” as the phrase attributed to Lenin puts it.
Our family left California seven years ago and we’ve never looked back. Lots of people have followed. From Jeffrey Harding at mises.org:
My family moved to California in 1950, part of the post-WWII westward migration. My widowed mother, tired of Boston’s dreary winters, felt the westward pull. My eldest brother, a WWII Navy veteran, had heard good things about San Diego from sailors who had been stationed there during the war. So, California, here we come.
I would like to think those were the golden years, at least for us. California was new, bright, warm, and full of promise. The East was old and cold. And San Diego was thriving. Defense and aerospace jobs were plentiful. Land was cheap, homes were cheap. A building boom met the housing needs for optimistic migrants. You could get things done in California.
It’s not that California anymore. We are overregulated and overtaxed and people aren’t so optimistic. People want to leave.
Posted in Business, Collapse, Economics, Economy, Government, Law, Politics, Taxes
Tagged California, Flight, regulations, Rent control
Who has time to challenge all the lies? From Gary Galles at mises.org:
Every other year, the run-up to election day reminds me of an irony about the “wonders of democracy” rhetoric that peaks then–that is also when the misrepresentations poured into voters’ ears, undermining the likelihood of achieving those wonders, also peak.
The reason is well-captured by a quote from Jonathan Swift, in 1710: “Falsehood flies, and the truth comes limping after it.” At the last minute, lies, damned lies and statistics, not to mention unsupported claims, rumors, innuendo, etc., can have their greatest power, because there is not time for serious thought, research, and effective rebuttal before voters must cast what will therefore be far more misinformed ballots.
What struck me most as an example this year was “Rent control could spur more building,” by Gary Painter, in the Los Angeles Times (10/31). It was written in favor of California’s Proposition 10, which would have re-enabled majority-renter communities to vote themselves large benefits from others’ pockets by imposing new rent control laws (currently banned by state law).