Gavin Newsom: California’s Housing Crisis Is Its Original Sin

The gist

1. Newsom says land-use reform and permitting enforcement matter more than subsidies, cutting permitting time 56% and raising construction 59%.
2. Newsom argues California's middle-class tax burden is actually lower than Texas or Florida, with the real loopholes benefiting ultra-wealthy asset owners.
3. Newsom's Care Court and a $6.38 billion mental health investment produced the first near-decade double-digit drop in unsheltered homelessness in California.
4. Newsom is piloting portable benefits, employment insurance, and baby bonds as hedges against job displacement from AI.