Rent control benefits long-term residents but hinders newcomers' access to housing. Additionally, high income and sales taxes drive people away, constraining government revenue for public services.

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Traditional leftists' favorite countermeasure, rent control rules, only benefit people who stay in the same place for many years, at the expense of very long waits for new people who want to come in. Meanwhile, governments' ability to raise revenue to fund public services is limited by the fact that if income and sales taxes are pushed too high, people simply go somewhere else.

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Degen communism: the only correct political ideology

Vitalik Buterin advocates for "Degen Communism" in a post published on April 1st.