Discover and read the best of Twitter Threads about #prop10

Most recents (6)

Here @axios says it’s Blackstone’s portfolio companies, not the top-line investment fund, donating against #prop10. We asked the no on 10 committees numerous times to explain their filings. They did not.
We included this chart for a reason!
The portfolio companies are the assets of the funds anyway, so it’s not clear here what the distinction is. It just shows they took 1 path to make the donations - take from investor assets - rather than issue a capital call
Read 3 tweets
Blackstone defends making anti-#prop10 donations out of its investment funds, saying it had “a responsibility as fiduciaries to protect their investors, which include retirement systems that pay benefits to millions of pensioners.”…
California teachers groups have endorsed #prop10 to expand rent control because they can’t afford to live where they work. Blackstone says it needed to bankroll #prop10 with money from its investment funds in order to protect those teachers…
Here’s my original story with @davidsirota… Thanks to @latimes for getting Blackstone’s rationale. They did not respond to our questions
Read 3 tweets
Californians, are you totally confused by all these propositions you're voting on in #Election2018? It's a lot of information. So we put together 1-minute video explainers on each measure to help you better understand the props.
#Prop1: The affordable housing bond
#Prop2: Mental health money for housing
Read 16 tweets
Proponents of #prop10 argue that it'll give city governments "freedom" to enact rent control laws, pretending you'd still be in control. The catch is the CA Democratic Party has quietly been taking over city governments.
We saw this here in our Culver City election, where everyone from Holly Mitchell to Karen Bass to Nancy Pelosi showed up and intervened on behalf of the leftist slate.
I'm seeing similar developments in cities like Inglewood, Long Beach, all the way to Victorville, with a high number of working class owned homes.
Read 3 tweets
Thread: This week's #Top5 things you need to read to understand #tech’s impact on our economy. Curated by @TEcollab's Executive Director @cbracy 👇
1. In a week when Amazon announced they’d raise the minimum wage for all employees to $15/hour, Uber’s CEO mused about the possibility of providing drivers with benefits:
2. I just finished a great new book that has me thinking a lot about the role the tech elite play in entrenching inequality, @winnerstakeall. If you don’t want to read the whole thing, check out this comprehensive conversation with the author @AnandWrites:
Read 7 tweets
It’s here! The California rent control primer you’ve been waiting for #Prop10…
In researching my rent control explainer, the divergence between economists who don’t like the policy and other researchers who do was striking. Non-economists would consistently point to the benefits gained from having stable housing and the need to help tenants immediately
I asked Christopher Palmer, an MIT economist, what the right response should be to California’s recent huge rise in property values that has had little to do with landlord investment with tenants bearing the brunt in rising rents. His response? Tax land to fund housing subsides
Read 4 tweets

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