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The issues and concerns raised are almost entirely local. So yes, I think local regulation is most appropriate, even if that's more challenging for the busines
by SmellTheGlove 10y ago
The issues and concerns raised are almost entirely local. So yes, I think local regulation is most appropriate, even if that's more challenging for the business. To me it doesn't matter how the business wants to be regulated. It matters more why the regulation is required, and where it's needed. Almost all of that is at the local level. Beyond that, I'm not sure that you could regulate it Federally as the power to regulate these matters tends to be reserved to the states, and delegated to the local government. Property is almost always regulated where it is physically located.
Federal taxation is a wholly separate issue. It arises out of the commercial gains, not the use of the land. Put another way, we don't intermingle Federal tax and permissible activities, the tax code doesn't tell you that you can't use your boat a certain way to generate income. It just speaks to what taxes you pay on the income (sometimes the income generated in that manner).
- toss1 10y agoSure, to the extent that it's entirely local, local-scale regs would likely be appropriate. However, it looks like they're specifically looking at national-scale distortions in the market. While I haven't examined the data supporting that, I would not be surprised to see large-scale distortions from a system designed to produce large-scale effects.