Re:America's Growth Ponzi Scheme
by JumpCrisscross on Monday May 18, 2020 @11:09AM
(#23223286)
> that's some free market bubble nonsense
You're asking to understand a different perspective. I'm trying to offer that perspective.
> most people can't "just move" and just "pick another uni"
No, but they can weigh the cost of living in e.g. Manhattan versus Queens versus upstate. And they can weigh the cost ex ante of a private university versus community college.
Housing and education have high lock-in. But there is a degree of competition and choice with respect to incurring their costs. That doesn't exist with taxes, which makes some people more cautious about them.
You're asking to understand a different perspective. I'm trying to offer that perspective.
> most people can't "just move" and just "pick another uni"
No, but they can weigh the cost of living in e.g. Manhattan versus Queens versus upstate. And they can weigh the cost ex ante of a private university versus community college.
Housing and education have high lock-in. But there is a degree of competition and choice with respect to incurring their costs. That doesn't exist with taxes, which makes some people more cautious about them.