So you can go back to Hammurabi's code, you know, hundreds of thousands of years ago where every government that implemented price control policies, by the way, that's called socialism. In its end, state ends up falling apart. And California is on the verge of effectively, from a price control perspective, becoming a full on socialist state because of these policies. Same thing with rent control. Sounds great on paper, but the second and third order consequences is now landlords don't want to buy investment properties to rent out because they end up losing money on the deal. (1:13:08–1:13:18)
CLAIM
Asserts that California's price control policies are pushing it towards socialism.
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