Sen. Bernie Sanders on Monday sharply criticized an announcement from tech giant Apple that the company would invest $2.5 billion in helping to asssuage the effects of California’s housing crisis—a crisis that Apple has contributed to by driving prices up as the company has expanded in the San Francisco area.
“Apple’s announcement that it is entering the real estate lending business is an effort to distract from the fact that it has helped create California’s housing crisis—all while raking in $800 million of taxpayer subsidies, and keeping a quarter trillion dollars of profit offshore, in order to avoid paying billions of dollars in taxes,” Sanders said in a statement.
“Today, more than 134,000 Californians are homeless and renters need to earn $34.69 per hour to afford the average two-bedroom apartment,” said Sanders. “We cannot rely on corporate tax evaders to solve California’s housing crisis.”
— source commondreams.org | Nov 04, 2019