☆ Opp Now classic: The first steps toward fixing the housing crisis

Randal O'Toole of the Thoreau Institutes outlines how to start undoing the failed policies of the past that led to Santa Clara County's current affordability debacle, with an eye toward increasing tax revenues as well. Originally published in November of 2020, O'Toole's sharp analysis—and conclusions for urban-growth boundaries and CEQA—is more relevant than ever today. An Opp Now exclusive.

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Perspective: CA High-Speed Rail a profligate “energy hog”

The State's HSR project—voter-approved in 2008 and today, billions of dollars later, still without a single actual track to its name—has proven a masterclass in suspense (whether you call it a slow burn or, along with transit experts, a wildly overbudgeted crash and burn). The Cato Institute points out that once built and operated, CA HSR will inefficiently and excessively waste energy (compared to airplanes and conventional trains) and raise GHG emissions significantly.

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Jax OliverComment
Transportation professionals on BART extension: Let's actually examine costs of single vs. twin-bore tunnels

Next Wednesday, a new ad hoc committee overseeing the BART Downtown San Jose extension will meet for the first time. In preparation, Bay Area Transportation Working Group (BATWG) members have compiled a list of key questions for the steering committee to address. BATWG's letter, in its entirety, follows.

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Jax OliverComment
Should it be easier for City/State gov't to access tax revenue?

Carl DeMaio of Reform California unpacks his assertion that our State already fleeces taxpayers for every penny (highest income, sales, gas, and property taxes in America, anyone?) and accordingly shouldn't lower the required supermajority for tax hikes via ACA 1. Meanwhile, SJ's City Council voted this year to undermine Prop 13 protections via ACA 1—likely against constituents' wishes.

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Jax OliverComment
Study: Guaranteed income makes recipients less likely to seek more or improved work

Are guaranteed basic income programs really effective if recipients don't pursue financial independence through better job opportunities? But that's what a 2019 study found: Labor market effects were almost nonexistent, as sprinkling moolah didn't lead to more active workplace participation (and really, besides Ellenberg/Cortese, who's surprised?). From San Diego's Bull Oak Capital.

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Jax OliverComment
☆ Opinion: Cortese's SB 335 an absurdly unnecessary County tax hike

Elizabeth Brierly—Silicon Valley Taxpayers Association board member and lifelong SCC resident—criticizes Sen. Cortese's proposal to increase the sales tax rate by 33% from its current cap of 2%. SB 335 proponents say the extra cash would fund “vital” core services; but aren't those already covered in our regular budget? Brierly calls for gov't prudence and prioritization (a much-needed “financial diet”) in this Opp Now exclusive.

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SF case study: Drug-lenient policies attract homeless expats en masse, ad infinitum

As SF builds more subsidized housing, its sector of homeless residents only gets larger and harder to manage. In WSJ, Manhattan Institute research director Judge Glock elucidates the disconnect: Almost 1/3 of SF's homeless residents moved there after losing their housing, many allured by the easy access to (and hands-off prosecuting approach to) illicit substances.

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Jax OliverComment
Viewpoint: Rent control deflates housing supply, ultimately inflating most residents' rent

To address high living costs, SJ insists on archaic market controls that artificially—and dangerously—cap tenants' rents. As Loyola University's Victoria Perrie and Walter Block explain in Political Dialogues, rent control interferes with housing providers' capacity to maintain and profit from their units, which keeps investors out of the market, restricts housing stock, and dampens competitive rent pricing.

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Jax Oliver Comment
Free Press founder: How colleges get away with punishing viewpoints they dislike

At the Federalist Society’s National Lawyers Convention, Bari Weiss (Free Press founder and editor) explains how many universities avert constitutional mandates and discriminate against certain students' ideas: via disproportionate “fees,” logistical hurdles, and shaming/pressure. Weiss recalls Stanford speaker Judge Kyle Duncan, whose hecklers were defended by then-DEI dean Steinbach (who, oddly, went on to praise free speech in a WSJ op-ed).

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Jax OliverComment
Sac Biz Journal: ACA 1 could be “the straw that breaks the back of many CA family businesses”

The San Jose City Council voted this year to support ACA 1, which proposes California reduce its two-thirds voter approval requirement to 55% for “infrastructure” projects (read: most tax increases). The Sacramento Business Journal's Ken Monroe points out that small mom-and-pop businesses will be burdened the most if ACA 1 passes, as many can't afford legal teams to parse (more) tax hikes and onerous regulations.

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Jax OliverComment
Economist: Guaranteed basic income throws off County free market's equilibrium

Supe Ellenberg and Sen Cortese are teaming up to pilot a guaranteed income program for 50 homeless SCC students. Local media lauds this purported win for equity, but others like Forbes' Marco Annunziata observe the project's crucial flaw: It enables an imbalanced job market, in which needed but less universally enjoyed jobs (plumber, janitor, welder, etc.) are sidelined—exacerbating skill shortages.

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Jax OliverComment
Opinion: In gainsaying the Taxpayer Protection Act, SJCC's opposing its “very employers”

Earlier this year at the SJ City Council, Silicon Valley Taxpayers Association (SVTA) board member Elizabeth Brierly advocated for the Taxpayer Protection and Gov't Accountability Act, which would protect Prop 13 against loopholes. For pro-Prop 13 voters like SCC's, Brierly asserts that the Act would empower them to keep gov't in their lane (and, phew, budget).

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Jax OliverComment