Surprise! Surprise! Los Angeles’ “Mansion Tax” Has Killed Commercial Development in the City

The City of Los Angeles enacted what city Democrats labeled a “mansion tax” on any property sale of $5 million or more to supposedly fund affordable housing and to address the city’s homeless problem. Which of course, it really hasn’t done any of those things considering since its enactment the homeless problem has only gotten worse exponentially. Just like the decrease in property sales within the city’s borders have also exponentially decreased and has been compounding each month.

In this video, we take a look at the LA Times trying to claim that UCLA presenting the data itself proving the tax is a failure are nothing but baseless claims by the school’s Lewis Center for Regional Policy Studies.

Link to article:

https://archive.is/6ZwMN

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