Tag Archives: Local Market Neared All-Time Record

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.