Oct. 10, 2019 SNR

On Oct. 10, 2019 SNR’s Jeff Vonkaenel wrote “Money’s All Spent Can’t Pay The Rent” about affordable housing. “In the last tweet years, those in the top 1% of net worth have increased their share of our country’s wealth from 30% to 39%.” To fix income inequality, Elizabeth Warren is proposing for a 2% wealth tax on the richest 75,000 Americans to bring in as much as 2.75 trillion over a ten year period.

Sammy Caiola wrote “Andrew Yang: I’ll show You The Money.” Andrew Yang proposes a universal income of $1000 per month to every American to lift people out of poverty. A pilot program in Stockton showed that most of the money went toward food, clothing and utilities.

SEIU Local President Yvonne R. Walker wrote “Making Changes One Bill At A Time” about California Assembly Bill 5 (AB5). It turned more than a million gig working “contractors” into employees.

In other legislation, Governor Gavin Newsom signed a bill that would cap annual rent increases to 5% plus inflation to maximum of 10% effective Jan. 1, 2020.

Debbie Arrington wrote “Local Market Neared All-Time Record” about the housing market volume and median sales prices dipping downward. This is similar to the crash of 2008.

Copyright 2019 DJ Cline All rights reserved.