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> It seems more likely to have precious little to do with the "value" you may or may not "add" to society. The taxes on upscale hotels (business class travelers
by jquery 14y ago
> It seems more likely to have precious little to do with the "value" you may or may not "add" to society. The taxes on upscale hotels (business class travelers, Presumably spending $$$) exceed those on cheap ones, etc.
Sure, in the end, it's a tax. No shocker that the better-off pay more.
> Also, perhaps as a counter example: Artists, students, and other creative types are now perhaps more likely to use AirBNB than a Hotel, as a base of working in NYC or SF etc. History evidences (globally) creatives tend to inflate real-estate values far in excess of any economic income they themselves capture from employment (in any major urban center). Viz: Soho, Soma, Shoreditch, Berlin, Brooklyn, Paris pre-war, etc.
I can only speak for Soma, because I've lived there for 5 years. The inflation in real estate has more to do with lack of supply around the whole city, a booming tech economy, its proximity to most people's workplaces, and relatively cheap price per square foot compared to other neighborhoods in the city (not so much anymore). Not sure artists have anything to do with it.
- 001sky 14y agoHotel taxes are one of a class of taxes specifically designed to burden non-residents, regardless of the value they bring to the city.[1] On the other example, SOMA et al, Tech offices have only been in SOMA follwing the rapid gentrification that followed ca 1995/96. For the origins of this change, see reference> http://en.wikipedia.org/wiki/Gentrification#Impact_on_artist_colonies http://en.wikipedia.org/wiki/Gentrification#Impact_on_artist... ________ [1] If you don't believe this, based on the logic, feel free to research the topic historically.