Re:Oakland shows how to expand housing supply: tell develope...
by satyrnein on Tuesday December 03, 2019 @07:17AM
(#21691721)
Yes, this is why I called it "arguably" undeserved. It's not totally black and white.
The best argument against LVT that I came across was from Bryan Caplan concerning prospecting for oil; once a person finds oil and builds a well, LVT would not charge her for the well, but it would charge her for the oil. She didn't make the oil, but finding it does take effort and you don't want to disincentive that.
I still like LVT conceptually but I don't know what the best solution is for this kind of case.
The best argument against LVT that I came across was from Bryan Caplan concerning prospecting for oil; once a person finds oil and builds a well, LVT would not charge her for the well, but it would charge her for the oil. She didn't make the oil, but finding it does take effort and you don't want to disincentive that.
I still like LVT conceptually but I don't know what the best solution is for this kind of case.