2/ City governments are the very definition of "stationary bandit". They need to tax and regulate their captive population 1 cent less than that which will make them flee. ...and this is exactly how they tend to behave !
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3/ the hosts bodies (citizens, firms) are captive / stationary for two reasons: * physical assets (build a new $1B HQ and you're stuck) * internal coordination - how do you get 500 employees to follow you across the river? or country? 5,000 ? * external coordination >>>
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4/ ...or whatever the proper economics term is for clustering of firms and relationships in one locale. LA andt he unions can tax the movie industry arbitrarily high because one studio can't move to Milwaukee without the entire ecosystem.
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