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There's nothing liberal about rent control.
Washington Monthly
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June 1, 1986|
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COPYRIGHT 1986 Washington Monthly Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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THERE'S NOTHING LIBERAL ABOUT RENT CONTROL
A single 38-year-old correspondent for ABC News is participating in an interesting program in New York City. Despite his salary of $70,000, he qualified for a roughly $1,000 discount in rent for his one-bedroom Manhattan apartment. He pays $560 a month. His secretary isn't quite so fortunate; she's not in the program. Although she makes less than a third of his income, she is paying $1,000 per month for an apartment half the size.
If the program were welfare, we'd call the lucky man a cheat; if he were a defense ...
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