https://www.manhattancontrarian.com/blog/2019-9-7-add-rent-control-to-the-list-of-progressive-policies-that-increase-income-inequality
The list of progressive policy proposals supposedly designed to increase fairness and justice in the world just keeps getting longer and longer. Medicare for all. Free college. Higher minimum wages. Every kind of “climate justice” prescription. Reparations for slavery. And here’s one that seemed to have faded away in disgrace decades ago, but now is making a revival: rent control. Rent control is currently getting expanded and strengthened in numerous progressive jurisdictions, from New York to California, with new proposals now on the table in places like Minnesota and Illinois.
A recurring topic in this blog has been the extent to which progressive policies reduce — or instead, actually increase — income inequality. You will not be surprised to hear that there is a very close relationship between jurisdictions with more progressive and redistributive policies and higher income inequality. In an article I wrote in the City Journal in 2015 I pointed out the close relationship:
[In 2014] Bloomberg Rankings published a national study on income inequality, using U.S. Census Bureau income data to rank each of the 435 congressional districts by economists’ standard measure of inequality, the Gini coefficient. The study found high levels of income inequality in areas of the country known for their political progressivism. Topping the inequality list was New York’s tenth congressional district, which covers the West Side of Manhattan and Wall Street—including City Hall. Of the top 25 spots, 23 went to Democratic districts—and not just any Democratic districts. The five congressional districts covering some part of Manhattan earned the first, sixth, ninth, 13th, and 20th positions. Congressional districts in solidly liberal Chicago, Cambridge, Los Angeles, Santa Monica, and Berkeley placed in the Top 25. House minority leader Nancy Pelosi’s San Francisco district ranked 14th on the list . . . .