It’s so important realize that in the ‘60s and ‘70s things were not like this. That doesn’t mean they were perfect (especially for POC), but the widespread systemic economic oppression did not exist. The massive transfer of wealth into the hands of 1% have not yet begun.
Aaron Carr @aaronAcarr
23 Jul 2021
In the 1960s, renters paid around 15% of their income on rent; homelessness was *not* widespread. Nowadays, renters in high cost cities like NYC pay over 30% of their income on rent; homelessness *is* widespread. Housing costs is the primary driver of homelessness. Debate over.

Jul 23, 2021 · 8:11 PM UTC

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Replying to @marwilliamson
Reagan presidency owns the the whole supply side myth.Union busting. War on the poor. Republicans marching in lockstep. 138 officials indicted, governance by grifters. Exploded wealth gap and deficits.
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Replying to @marwilliamson
Agreed, they started in earnest in 1980
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Replying to @marwilliamson
I'm old enough to remember annual Profit Sharing and COLA (cost of living adjustment) payments.
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Replying to @marwilliamson
A key reason these problems don’t get solved is a refusal to identify the failed government policies that helped create the situation. Private entities will understandably never make an effort to solve a problem until the counterproductive government measures are removed first
Replying to @marwilliamson
Shoveling wealth ever upwards... federalreserve.gov/releases/…
Replying to @marwilliamson
That’s right. When I was a kid, a single income blue collar family could afford a decent house, they could send their kids to college, have a modest savings and be able to take a family vacation every year. Then neoliberalism happened.
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Replying to @marwilliamson
Hedge funds using cash to bid up housing prices.
Replying to @marwilliamson
Um... maybe reconsider your words... "widespread systemic economic oppression" Absolutely existed in the 60s and 70s. Are they worse now? Sure. But that's entirely different.
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Replying to @marwilliamson
there were way more institutions to house the mentally ill and women did not yet make up half the workforce deflating the value of labor.
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