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The entire point of the law is to extract economic rents for incumbents at the expense of newcomers. It's been the modus operandi for the Bay Area for a long ti
by ThrustVectoring 8y ago
The entire point of the law is to extract economic rents for incumbents at the expense of newcomers. It's been the modus operandi for the Bay Area for a long time. Adding a tax to incumbents doesn't do that. Besides which, I doubt that the legislators involved even know what deadweight losses are, let alone why they're an important part of the argument for Pigovian taxes.
- dragonwriter 8y ago> The entire point of the law is to extract economic rents for incumbents at the expense of newcomers. While I don't (as indicated in my other comments in this thread) disagree with the idea that that is a probable ulterior motive, the overt purpose is to deal with negative externalities imposed by in-office cafeterias. I'm pointing out that, to the extent that the overt purpose is a real issue, there are much better ways to address this.