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PoliticsApril 12, 2026
LA mayor, whose city hasn't recovered from wildfires, pledges to burn another $300 million on "helping" the homeless
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Los Angeles mayor Karen Bass announced an additional $360 million dollars in funds to “prevent homelessness”
The money is being given to NGOs, to support 80 new housing projects with the construction of 1,528 new affordable housing units
Here we go again…. More NGO homeless… pic.twitter.com/fyLVlKQhNv
— Wall Street Apes (@WallStreetApes) April 10, 2026
Los Angeles Mayor Karen Bass, who is notorious for letting her city burn down, has pledged $300 million to “prevent” homelessness. It is unclear how she found the audacity to claim they are in the prevention phase, when they have one of the worst homeless populations in the world, but I digress.
According to Los Angeles Today:
Los Angeles Mayor Karen Bass and City Councilmember Ysabel Jurado announced a plan to allocate over $360 million in funding for affordable housing projects across the city. The money would come from the city's 'mansion tax' on high-end real estate sales and would fund the construction of 1,528 new affordable units as well as repairs to more than 2,500 existing affordable homes.
There are many problems with this. Firstly, the situation has nothing to do with a lack of housing. This is why the more housing they build, the worse the problem becomes.
The $360 million appropriation, which requires City Council approval, would fund 80 affordable housing projects across Los Angeles. In addition to the new construction, the funding would also go toward repairing more than 2,500 existing affordable units in need of work. The money comes primarily from the city's 'mansion tax,' a 4% tax on property sales between $5.3 million and $10.6 million and a 5.5% tax on sales above that.
In other words, the city taxes the rich and pretends to give it to drug addicts. In reality, though, all this does is embolden NGOs while making the homeless worse off. So, while they claim this little game of Robin Hood is all intended to make the guy struggling to make ends meet better off, it does no one any good but the organizations profiting off this scheme.
“With the release of $14 million in housing assistance and $300 million for housing, this is just one way the city is breaking away from the underinvestment of the past to instead focus on prevention and housing production so Angelenos don't fall into homelessness in the first place and so we have the supply of housing that we need to drive the cost down,” Bass said.
Don't you love how she phrases it as being a person just one paycheck away from losing their home? That could not be further from the truth. She also implies that because the city did not waste these sorts of funds on homelessness in the past, that is why the mess got as bad as it has. However, that makes no sense when you realize the more money the city throws at this problem, the worse it gets.
These people are really something, and it is a total disgrace that they are able to waste this much money without being held accountable. The fact that they are allowed to throw away hundreds of millions of dollars by pretending to do a thing or two about the zombie apocalypse is a scandal that fools no one. And the fact that they act as if they are making a difference when, in reality, all they are doing is throwing tax dollars into the pockets of NGOs is deeply pathetic.
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