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> Intellectually, I enjoy the idea of the states competing as a free market I believe one of the core value propositions of the state is addressing perverse in
by jjoonathan 5y ago
> Intellectually, I enjoy the idea of the states competing as a free market
I believe one of the core value propositions of the state is addressing perverse incentives that emerge from competition. Untaxed externalities, for example. Due to race-to-the-bottom dynamics, "let's compete on the matter" is equivalent to "let's ignore the perverse incentives." Not great.
- Dracophoenix 5y agoThat's the point of immigration? "My life sucks here, but I can get what I want there." Treating economic freedom as an "untaxed externality" to be rectified will eventually create economic immobility and stagnation. That has perverse incentives of its own.