The Supreme Court on Tuesday turned down a major property-rights challenge to rent control laws in New York City and elsewhere that give tenants a right to stay for many years in an apartment with a below-market cost.
A group of New York landlords had sued, contending the combination of rent regulation and long-term occupancy violated the Constitution’s ban on the taking of private property for public use.
The justices had considered the appeal since late September. Only Justice Clarence Thomas issued a partial dissent.
This handwave sentence is always what libertarians use to hide the utter destruction of a working society.
“Yes, millions of people in a city suddenly being homeless, leading to crime/violence/mass death/the breakdown of all services and commerce would be disrupted, but at some point after tens of thousand die it would work itself out because…”
Plenty of “libertarian paradises” out there man, only some of them over run by bears. Hows that track record of unfettered capitalism going?
That’s exactly what I’m trying to highlight. It might be good for the US to provide a list of things that are ok to regulate for the good of society, and things that are not ok to regulate for the good of capitalism.
Should healthcare be regulated? Should education be regulated? Should housing and rental prices be regulated? Food prices? What about essential services like power, internet, waste… should all that be regulated? You are living in a social democracy and pretending it’s a pure capitalist system.