“The oligarchs of the Bay Area have a problem: They must square their progressive worldview with their enormous wealth”

ORANGE COUNTRY REGISTER
California’s descent to socialism
by Joel Kotkin
June 14, 2017

…California’s progressive regime of severe land-use controls has helped to make the state among the most unaffordable in the nation, driving homeownership rates to the lowest levels since the 1940s. It has also spurred a steady hegira of middle-aged, middle-class families — the kind of tax-burdened people Gov. Jerry Brown now denounces as “freeloaders” — from the state. They may have access to smartphones and virtual reality, but the increasingly propertyless masses seem destined to live in the kind of cramped conditions that their parents and grandparents had escaped decades earlier. READ MORE

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