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> You could fix this by capping the number of jobs so that increases in population would be forced to distribute more evenly through the country Interesting id
by trgn 5y ago
> You could fix this by capping the number of jobs so that increases in population would be forced to distribute more evenly through the country
Interesting idea. But wondering how this would work in practice.
The Federal government often does this when they distribute their own facilities across the country.
Businesses already flock to places were cost of labor is low, but can only that in industries that require less specialization.
> otherwise competition and property tax would have made a dent
You said it. There is no competition, because housing supply is constrained (zoning), and property tax does not make a dent, because it favors speculation over improvements (further inhibiting competition).
- giantg2 5y agoWhat I mean by no competition is that the high earners from FAANG etc are able to muscle out any "normal" people. So there is some competition driving up prices, but most people lost before the game even started. Essentially the wealthy have no incentive to keep costs/bids down.