Socialists Don’t Do Math: LA Spent $450M to House 1,144 People

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Los Angeles socialists spent almost $400,000 on every low income apartment. The math doesn’t work well, but they are socialists. They don’t do math.

They had a spending plan for the 2025 fiscal year that was the largest yet under Measure ULA. It was also known as the mansion tax.

The voter-approved measure, which taxes property sales above about $5 million, has drawn criticism from the real estate industry for years and has been the subject of several reports that found it has limited property sales and thus reduced property tax revenue and the construction of new housing.

Since the unhoused or low income residents aren’t in quaint bungalows, one needs to ask who got rich off this. Someone did.

The lack of parking doesn’t matter and packing people into teeny spaces is okay too.

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JBnID
JBnID
18 days ago

How many billions did it cost to not charge any EVs?
How much do useless wind turbines cost?
Do politicians pay people that don’t work?
Why would leftist change what works so well for them?

Degüello
Degüello
18 days ago

Math is a cruel mistress.

Ahtani
Ahtani
19 days ago

Socialists Don’t Do Math:
Socialist don’t work, why work when the working American taxpayer is a deaf, dumb and blind unguarded ATM machine.
IT IS TIME TO END THE DC ATM MACHINE, if you don’t work you don’t eat.

RecognizingTruth
RecognizingTruth
19 days ago

There’s no need to do math – they have all YOUR money, and your money, and your money, and your money, and… to cover the cost of anything they do to buy votes and fix the system to gain and maintain their power.

JTravianDTeriusJacksonIII
JTravianDTeriusJacksonIII
19 days ago

For all you libtards out there on Reddit who’re too lazy to do the math yourself, what he’s saying is LA (Laughingstock of America) just spent almost $400,000 per person for “housing.” They could’ve purchased 1,144 homes at almost $400,000 for those 1144 people. Why do you idiots continue to ignore what your vote is achieving Your govtards are stealing… Read more »

Tim Kuehl
Tim Kuehl
19 days ago

Al Gore must be so pleased. First jamming people into tiny apartments then no providing parking so they’ll almost be forced to ride mass transit. Love it when a plan comes together. Too bad these buildings will be trashed withing 2 years.

Bob
Bob
19 days ago

Hey when you’re using Other People’s Money, you don’t check the bill.