Editor’s note: The following is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
Joe Biden’s handlers, desperate to take the spotlight off their candidate’s cognitive dumpster fire—as well as countering Donald Trump’s Matrix-level heroics—announced one of their dumbest plans yet: nationwide rent control.
Biden appears to be proposing a 5% cap on rents nationwide, although it’s not entirely clear from his rambling announcement declaring, “It’s time, for example, if I’m reelected, we’re going to make sure that rents are kept at 5% increase for corporate rents, for corporate apartments, and the like, and homes are limited to 5%.”
I guess you had to be there.
According to the Washington Post, the plan would strip tax benefits from landlords who increase rent more than 5%. Given current inflation, that means…
