He wants to have the government build projects wherever they want, i.e. in middle class neighborhoods which will crash the housing market.
He also wants to raise the minimum wage to $15 / hour, which will get many poor people fired from their current jobs.
Bloomberg calls for 'war on poverty' on 1st California trip
He also wants to raise the minimum wage to $15 / hour, which will get many poor people fired from their current jobs.
In Bloomberg’s inequality plan, he’s proposing expanding tax credits to build low-income housing, increasing federal spending on public housing and launching a $10 billion competitive program to encourage cities to ease zoning restrictions that govern where and how developers can build. Proposals in the California Legislature to ease restrictive zoning, which critics say contribute to the state’s housing crisis, have failed.
Bloomberg is also calling for raising the minimum wage to $15 by 2025 and expanding a tax credit for low-wage workers.
Bloomberg calls for 'war on poverty' on 1st California trip