Claims that the threat of gentrification are grossly exaggerated belie a fundamental misunderstanding of the real threat, writes Charles Shaw in this week's Op-Ed.
"Despite the budget crises, cities have systematically eschewed taxing corporations, instead giving them TIFs (tax increment financing) and tax abatements to beat the band. While corporations more and more are becoming the sole owners of urban real estate, the solution for most city and county governments is to over-tax the working class residents to compensate. This is a massive policy failure and speaks more to the corruption and prevailing robber-baron mentality of our so-called leaders and the corporate establishment than it does to population demographics."
Thanks to Chris Steins
FULL STORY: Gentrification Reality Tour: Neither Benign nor Benevolent
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