Please reread what I posted and recognize that I did not remotely suggest this. I expressly supported the policy, and want to add a frank recognition of its trade offs because its absence seemed important in the post.
> Are rich people so destructive to neighborhoods?
Disproportionately large influxes of money into a local economy cause distortion to the incentives of that economy. It doesn’t have to have anything to do with the individual people with said money or their individual impact, and often it doesn’t.
The reason I think it should be part of the discussion is specifically because decisions like this don’t tend to account for externalization. If 100 companies like this are fully equitable internally, that’s awesome! But if their impact is pricing people out of housing, that sucks! If you care mostly about the former, that’s cool! I care about both, and I want to include both in the conversation.
