A 'Mansion Tax' in Los Angeles Is Worsening the City's Housing Crisis
A transfer tax on high-value real estate transactions is reducing the number of homes on the market and limiting new construction.
A transfer tax on high-value real estate transactions is reducing the number of homes on the market and limiting new construction.
Plus: the same ole hawkish lies, a familial connection to Barry Goldwater's nomination, and the future of media is prediction markets on Substack.
The newspaper’s plan to address marijuana abuse would compound the disadvantages that state-licensed suppliers face in competing with the black market.
All of San Francisco's public schools were shut down Monday thanks to the United Educators strike.
Across advanced economies, they have repeatedly been narrowed or even repealed after delivering disappointing revenue, tax avoidance, capital flight, and costly administrative battles.
“We’re standing up not just for ourselves, but for the principle that government must respect property rights.”
Allowing more homes to be built on existing residential land would be good for homeowners, homebuyers, and homebuilders.
Proposals sold as targeting extreme wealth would fundamentally change how Americans are taxed—turning any ownership into a recurring liability for the middle class.
In the first social media addiction case to reach a jury, K.G.M. claims TikTok, YouTube, and other platforms are responsible for her depression, anxiety, and poor self esteem.
The proposed tax is already driving people and businesses to flee the state.
The incident raises more questions about federal agents' use-of-force policies and training.
The AI boom is showing the limits of our regulated monopoly model for generating electricity.
State lawmakers should be more skeptical of overly broad laws, too.
The wealth tax would discourage investment and likely lower tax revenue for California.
Starbucks says the employee was fired but that the drawing was not intended as a slight against the officer.
Huntington Beach's elected officials are pursuing performative MAGA policymaking and keep losing in the courts.
The ruling, which emphasizes the lack of historical support for such a law, is unlikely to survive en banc review.
The decision is a preliminary "shadow docket" ruling. But it strongly suggests the majority believes Trump's use of the Guard is illegal.
Almost half of riders dodge the fares.
The hammer of heavy wealth and inheritance taxes falls hardest on those still climbing the economic ladder.
The accidental death of one cat in San Francisco is triggering calls for banning Waymo. That would be a huge mistake.
Even after the Prop 22 rebuke, California is pushing a system that could standardize schedules and undermine gig work.
Punitive levies drive black markets, fuel criminal enterprises, and—perhaps counterintuitively—help people evade the tax man.
Mortgage experts are divided on the wisdom of a 50-year mortgage. No one seems to think it's the key to making homeownership affordable.
Steven Duarte is one of several petitioners who are asking the justices to address the constitutionality of that absurdly broad gun ban.
You can’t legislate your way to prosperity.
Overly strict or poorly designed rules could slow beneficial uses of AI in healthcare, education, infrastructure, and public safety.
Humboldt County, California's sketchy code enforcement scheme piles ruinous fines on innocent people and sets them up to lose.
The federal cuts amount to little more than a rounding error in most state or big city budgets.
The Court of Appeals unanimously refused to stay a trial court ruling against Trump, signaling the judges believe his use of the Guard is illegal.
Some blue states are trying to set up their own versions of the NLRB, and Hawley is inadvertently (or deliberately) helping the cause.
Don't believe the GOP's 'principled' opposition to Prop. 50
According to California lawmakers, Kamala Harris’s pistol is a potential machinegun.
A guest post by Joshua Braver and John Dehn.
Every political issue ultimately becomes a zoning issue.
Another entry into the "algorithms are magic" school of imposing liability on tech companies.
Lawmakers made an exception for smaller restaurant chains, implicitly acknowledging that the law would come with costs.
Celebrate your independence with a subscription to Reason magazine, your most trusted source of honest, insightful news and analysis.