
LA Rent Caps Will Backfire (on Renters)Dec 4
city council votes to cap rent increases below inflation, crushing long-term cashflow for landlords with below market rents and knee-capping new development
Mar 23, 2023

Welcome to America, we hate you. Thursday morning, TikTok CEO Shou Zi Chew appeared before the House Energy and Commerce Committee in a grueling 5+ hour hearing to defend the right — we quickly learned — of TikTok to exist. Out of the gate, there was broad, bi-partisan agreement the app was dangerous, had already abused the data of 150 million Americans, and had almost certainly led to CCP spying. “TikTok is a weapon,” Committee Chairwoman Rodgers succinctly stated. A large subset of questions, mostly from Democrats but also including many Republicans, further targeted the company in a manner more familiar to tech executives not owned by the Chinese Communist Party: you are literally killing our women and children, and also (exclusively Democrats) “misinforming” the population. In this way, our congressional leaders managed to argue for Chinese-style authority while demanding protection from Chinese authority.