As the Atlas Society says: “They’re not against wealth … they’re against YOUR wealth.”
“If rent amounts are fixed well below market value, who will pay for the increasing maintenance costs of expensive New York City real estate? How will the economy function when major investors take their money elsewhere? It is well known that “a tide raises all boats,” and that a prosperous economy helps both the rich and the poor. When prohibitive taxation forces the wealthy into a mass exodus, who will remain to help the indigent raise themselves out of poverty through the benefits of capitalism? According to a popular communist-era joke, if socialists took control of a desert, they would start importing sand and exporting water.”
From an article by Nora Clinton; read the rest HERE.