San Francisco Ends Costly Alcohol Program for Homeless Addicts

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Feb 2, 2026

San Francisco just shut down a $5 million annual program that delivered alcohol directly to homeless addicts. It cost taxpayers nearly half a million per person—but what happens to those individuals now, and is this truly progress or just a policy U-turn?

Financial market analysis from 02/02/2026. Market conditions may have changed since publication.

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The market can stay irrational longer than you can stay solvent.
— John Maynard Keynes
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