Let's say they followed through with your ideas/criticism: They allow unlimited multi-story flats to get built, the area is now full of the things. Population density will increase further, but major infrastructure won't, so now you need bigger roads, more roads, maybe a subway, smog goes through the roof, activity areas (e.g. parks, recreation) disappears into building or more roads, and now suddenly Cupertino is downtown LA at rush hour and nobody wants to live there.
Or Cupertino can say "no" keep the atmosphere that has made it successful, including its medium density housing, keep population down, keep room for activities, keep road congestion at its current levels, and only have room for a small handful of large companies instead of infinite amounts.
Spinning this as "they just hate poor people" is definitely a great way of distracting from the core issues though.