The Growing Attack on Property Rights

Well the vote on the ill-conceived Kansas City Tenant Bill of Rights has been postponed until December 2nd it appears. 

This just appears to be the beginning (things like this are happening throughout the country, particularly on the West Coast). This legislation was apparently proposed by a group called People's Action which wants to create a National Home Guarantee that "is the major intervention that takes housing off the market and decommodifies it." This would be done by, 

...Taxing the appreciation of privately owned homes, while the 12 million new social housing units would put a massive number of new units off the speculation market entirely. The aim is to shift the paradigm—from homes as wealth stores to basic necessities.

That would be a great way to remove all incentives from every home builder, renovator and property manager so you better build those 12 million units pretty quickly given 

And by the way, what are we going to "decommidify" next? Food? Appliances? Cars? Everything?

Let's just try full communism again because it worked out so well the last time! Indeed, I've seen some chatter about that. One helpful Facebook commenter noted that "Mao was right about landlords." 

Yes, the guy on the far right of the following chart was "right." Uh huh.....