Re:What Airbnb Did to New York City
by cma on Thursday March 08, 2018 @12:22PM
(#16545889)
> benefited at the cost of others
The cost disproportionately affects the wealthy. Due to the marginal utility of money (your first $10,000 a year has a lot more utility than your 100th), that means even a zero-sum benefit was likely a huge net positive measured in utility.
The cost disproportionately affects the wealthy. Due to the marginal utility of money (your first $10,000 a year has a lot more utility than your 100th), that means even a zero-sum benefit was likely a huge net positive measured in utility.