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> People also like stability People liking something isn't how we should determine our incentive structure. People like gambling and smoking, but that doesn't
by adverbly 1y ago
> People also like stability
People liking something isn't how we should determine our incentive structure. People like gambling and smoking, but that doesn't mean they're good!
If something is a drain on productivity, we want less of it. In fact, this very argument is why LVT is so awesome! You can tax land without reducing its supply meaning it has zero deadweight loss! This is why economists love LVT, and why many call it the "least bad tax".
- immibis 1y agoIf all you want is productivity, raise food prices until the poor die of starvation.