What shines through here is a lesson not only America has never learnt , but one we in the UK are fast forgetting - social policies work
The social safety net is pretty simple. Bob, A healthy worker is made unemployed, they can either take state assistance and find work 6 months later, leading to another 30 years of tax revenue, or let them default on mortgage, spiral into poverty and no tax. Now extend that so Bob needs six months rehab.
Housing built, owned and managed by the state (or so closely regulated it may as well be) has been a cornerstone of the social safety net. This article underlines that.
The social safety net is pretty simple. Bob, A healthy worker is made unemployed, they can either take state assistance and find work 6 months later, leading to another 30 years of tax revenue, or let them default on mortgage, spiral into poverty and no tax. Now extend that so Bob needs six months rehab.
Housing built, owned and managed by the state (or so closely regulated it may as well be) has been a cornerstone of the social safety net. This article underlines that.