We shouldn't have to pay for Jack Dorsey's $40m estate when it crumbles into the sea | Adrian Daub

By using public money to protect California homes from climate change, the state is transferring wealth from working-class people of color to white property ownersEven by the standards of overpriced San Francisco, the Sea Cliff neighborhood is astronomically expensive. Nestled between two gorgeous parks and with what a realtor might describe as commanding views of the Golden Gate, it could hardly be different. Homes in the area routinely go for more than $10m. Jack Dorsey, the CEO of Twitter and the payment service Square, recently bought a place here for $21.5m - next door to his $18m present home. The 0.62 acre compound is recessed from the street and perched on a cliff overlooking the beach. Related: The Clean Water Act was a staggering bipartisan achievement. Now Trump is gutting it | Blan Holman Continue reading...