A MUST READ! “There are many reasons why people are homeless, but there is always one foundational reason. The cost of shelter was greater than the person’s income. Our economic system, designed as it is, will naturally create poverty as an outcome.”
Today many major corporations in and around the San Francisco, California area are promoting media stories which acknowledge and address homelessness. San Francisco has one of the highest rates of homelessness in the United States. With this being said, I want to make a few points with some related questions.
San Francisco has the 2nd highest per capita income in the United States, yet has what is called a homeless epidemic. Higher incomes lead to higher property values. How can a city or other local government ensure people with wealth do not create extreme scarcity, the reason why valuations are so high? How can housing be affordable to all when there are limited resources? Why doesn’t the 2nd wealthiest city be able to afford the charity to eliminate homelessness?
I used to live in Honolulu, Hawaii. There homelessness was considered an inconvenience to tourism, rather than a problem for the…
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