I mean, multi-national corporations already have entire teams who work on figuring out how to avoid minimise tax by moving assets around their various parent/child companies in different locations.... so really Rugpull really just evens up the playing field.
You could Rugpull Coin for a couple of years and then become a citizen in Malta or Portugal where crypto isn't taxed and buy your real estate, get your golden visa and then you're set.... you could probably then use your Maltese/Portuguese credit cards in the US for the time you spend there.
The annoying thing about your minimum wage example (which is spot on by the way) is that the minimum wage wouldn't need to be increased if land use zoning laws weren't so restrictive - driving up property prices and rental prices to levels where minimum wage needs to be increased or people just have to work 3 jobs to make ends meet. Either be capitalist or be socialist, but don't be the worst of both.
From a government perspective, it is necessary to impose building standards. Hovels do not generate the same amount of property tax as a home built to standards. Yes, it prices the poor out of owning property. But, if the poor own property, they would suddenly be able to get by without government assistance.
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I mean, I'm not even talking hovels, but just reasonable priced places to live. Obviously huge houses and luxury apartments generate way more council revenue than affordable housing... and so both councils and developers are aligned to only produce the most expensive (and revenue generating) accommodation.
I don't believe local councils and state governments want people needing government assistance, especially since that eats out of their budgets and makes states dependent on Federal government funding... but I also think there's a ton of regulation in place that prioritizes McMansions over anything else.
You’re right. Cynicism gets the best of me from time to time. They say the road to hell is paved with good intentions. This is a situation where do gooders harm the people who can least afford it. It’s more myopic than conspiratorial. That level of evil requires a degree of competency that is beyond them.
Agreed!
I've been working with my local council to figure out some zoning stuff and everyone I've spoken to has seemed lovely and wanted to help, but is constantly hamstrung by lack of resourcing and outdated policy/regulations. I'd be pretty confident in guessing that the people most frustrated with government are the people working in government.