I'm actively working to increase housing supply in the Bay Area. What are you doing? Making stupid comments on HN?
276 karma · joined July 30, 2014
I’ll humor you. I own neither a Tesla nor a house. I rent. I’ve lived in sf going on almost 22 years.
Where did I say I didn’t like living here?
“ Basically, the Fed functions at the moment as a sort of bank for the banks. And then the hope is that all Americans have their own banks. And so there’s a kind of one-step removal between us and the Fed. What we’re advocating here is cutting out that middleman to the private sector banking institution. And in a sense what the Fed would do is offer digital wallets to all small businesses and citizens and approved residents of the United States in the way that it currently does for banks, right?
I mean, what it offers to the banks right now are Fed accounts. Right? Accounts with the Fed, they’re called reserve accounts. And what we’re saying is that the reserve accounts that are only for banks should be replaced by digital wallets for all citizens, small businesses, and again, legal writ.”
It’s an easy policy challenge. Let the person carry the tax until a sale. Or they can carry it until death. It should not pass to kids and the tax assessment is taken at the final sale.
You also have "democrats" that act with conservative values that are vocal and prevent any changes. Check Nextdoor if you want to get a wiff of how crazy people are here.