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> If taxes are too high here, I can move. That sets a mechanism for keeping equilibrium in prices. Couldn't you say the same thing about rent, under the curren
by ytpete 11y ago
> If taxes are too high here, I can move. That sets a mechanism for keeping equilibrium in prices.
Couldn't you say the same thing about rent, under the current system? If rents are too high, people can move to Des Moines or wherever; that fact hasn't made many people feel ok about how high the rents are (because of course not all places you could live are equally desirable).
- ArkyBeagle 11y agoSure, you can say that. The hope is that rents taxes replace or at least offset taxes on productive activity instead of favoring land speculation. EDIT: slightly reworded.