Socialism update: LA’s mansion tax has caused construction industry to decline, thousands of jobs to be lost

This is Measure ULA, sold to voters in 2022 as a way to stick it to the millionaires and billionaires.But it ended up sticking it to the people as a whole instead!Here's the NYP:LA's 'mansion tax,"'sold to Angelenos as a way to tax the rich and boost housing, has instead blocked the building of 9,100 homes, wiped out 16,650 full-time construction jobs, and cost $452 million in revenue.A damning new report says the tax, officially known as United to House LA, or ULA, has had a negative impact on the city's high-end and multifamily real estate markets and collected less...