Why San Francisco’s city government is so dysfunctional

Re:Why San Francisco’s city government is so dysfunctional by space_fountain on Saturday August 28, 2021 @01:36AM (#28335892)

I think inflationary monetary policy (a good thing) more or less guarantees that in dollar terms (the thing that matters for prop 13) prices will go up every year. I think prop c does allow for some price adjustment for inflation, but it has a crazily low cap

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Re:Why San Francisco’s city government is so dysfunctional by gedy on Saturday August 28, 2021 @08:36AM (#28337550)

Property taxes can go up 2% per year. That's reasonable from an inflation perspective if you are just living there. (Supposedly inflation has been that low for a long time, but doesn't feel like it in real cost of living)

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Re:Why San Francisco’s city government is so dysfunctional by lowkey on Saturday August 28, 2021 @01:49AM (#28335934)

I think you need to defend your claim that inflationary monetary policy is a good thing. How is it good for the residents of a country?

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Re:Why San Francisco’s city government is so dysfunctional by space_fountain on Saturday August 28, 2021 @03:46AM (#28336359)

I mean to the best of my knowledge basically all economists think it is, but beyond that imagine a world where we had stagnation or worse deflation. You would have much less of an incentive to invest money rather than just keep it in the bank.

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