At the very least, you could easily make an argument that a rising tide does not lift all boats; i.e. many people are personally not benefiting much from the tech-boom in the area. On the other hand, if your stance is that our collective goal should be to produce the greatest amount of good for the greatest number of people; then we want more people to move to the city have prosperous lives to fulfill the new roles available here. In that scenario it's hard to keep income inequality from expanding.
It seems like thusfar the city council has done a good job at striking a balance; MHA (mandatory housing affordability) is a level-headed way to redistribute some of the gains that tech has brought to those who are less fortunate. However, our current city council is much more left-leaning and I'm worried that their stance towards growth is far more "progressive" and anti-business.
Should people really be entitled to live in an expensive city that they cannot afford? Cities like Manhattan or SF have sort of taken a stance on that and it favors the prosperous. I'm not sure how I feel about the matter; but I certainly do not want us to dampen our potential future potential by encouraging businesses to set up shop elsewhere. We need more initiatives like MHA and fewer like the business head-tax.
Gosh how can you be so jealous of people you're willing to destroy their stuff. It's the same kind of xenophobia that fuels anti-immigrant rhetoric. People upset that those moving to 'their turf' happen to do better than them.