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When Your City Is Like The Mafia

When Your City Is Like The Mafia | UNDER THE CURRENT LAW WHEN THE VALUE OF THE UNDERLYING PROPERTY IS INCREASED BY LAND USE ENTITLEMENTS, THAT INCREASED VALUE GOES ENTIRELY TO THE LANDOWNER.        THE INCREASE IN VALUE CAN BE SIGNIFICANT, AND COMES ON TOP OF THE DIRECT BENEFIT CONFERRED BY THE ENTITLEMENT;                SOME MAY SEE IT AS UNEARNED                           
  PROFIT ACCRUING TO AN                    
  INDIVIDUAL OR CORPORATION                                       
  AT THE EXPENSE OF THE PUBLIC    . WE HAVE SEEN EYE OPENING INSTANCES OF NEWLY ENTITLED PROPERTIES IN OUR CITY BEING SOLD AT GREAT PROFIT THANKS TO THE GRANTED APPROVALS-WITHOUT ANYTHING HAVING TO BE ACTUALLY BUILT. SUCH TRANSACTIONS DEMONSTRATE  THAT CURRENT LAW CAN DISADVANTAGE OUR COMMUNITY AS A WHOLE, SIPHONING SIGNIFICANT CAPITAL TO PRIVATE PROFIT AND ENCOURAGING REAL ESTATE SPECULATION                                     
  RATHER THAN PRODUCTIVE INVESTMENT. GIVEN THAT THE INCREASED LAND VALUE REFLECTS ENHANCEMENTS TO THE DESIRABILITY OF OUR COMMUNITY ACHIEVED OVER MANY YEARS THROUGH PUBLIC AND PRIVATE INVESTMENT IN INFRASTRUCTURE AND SERVICES, IT SEEMS UNFAIR AND UNWISE THAT UNDER THE CURRENT PRACTICE ALL THIS INCREASED VALUE GOES TO THE INDIVIDUAL PROPERTY OWNER AND NONE IS RECOUPED BY THE COMMUNITY THAT MADE IT POSSIBLE. 
 THIS ITEM DIRECTS CITY STAFF TO EXPLORE WAYS IN WHICH SANTA MONICA RESIDENTS, AND THE COMMUNITY GENERALLY, COULD GAIN A FAIR SHARE OF SOCIALLY GENERATED LAND-VALUE               INCREASES TO THE BENEFIT OF ALL. | image tagged in memes,politics,mafia city,trying to take,land owner,profits | made w/ Imgflip meme maker
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133 views, 2 upvotes, 1 comment

mafia boss

mafia boss | mafia boss lv 30; is now confirmed | image tagged in memes,trump bill signing,mafia city | made w/ Imgflip meme maker
233 views, 1 upvote