The latest bleating from lazy California conservatives broadcast directly from their silk sheet ivory towers.
California they say, is widely celebrated as the fount of technical, cultural and political innovation. Now we seem primed to outdo even ourselves, creating a new kind of socialism that, in the end, more resembles feudalism than social democracy.
No kidding. We didn’t need a conservative think tank to tell us this.
The new consensus is being pushed by, among others, hedge-fund-billionaire-turned-green-patriarch Tom Steyer. The financier now insists that, to reverse our worsening inequality, we must double down on environmental and land-use regulation, and make up for it by boosting subsidies for the struggling poor and middle class. This new progressive synthesis promises not upward mobility and independence, but rather the prospect of turning most Californians into either tax slaves or dependent serfs.
Steyer’s side is winning because he spends money and takes action. Things conservatives know nothing about.
Thanks to absolutely no opposition from the Republicans, California’s progressive regime of severe land-use controls has helped to make the state among the most un-affordable in the nation, driving home-ownership rates to the lowest levels since the 1940s.