Self set property taxes (aka Harberger taxes) would solve this. And also could replace eminent domain and zoning.https://www.nytimes.com/2021/04/03/opinion/sunday/property-taxes-housing-assessment-inequality.html?referringSource=articleShare …
2/ let us imagine a simple case: property A cuts down trees, which do $10 of damage to property B. "the externalitiy". The total loss here is $10. My claim is that if the state steps in and pays A to not cut down trees, that helps B. >>>
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3/ Hanson says "only if the payment is EXACTLY $10, otherwise the situation is EVEN WORSE than with no payment". I am criticizing the word EXACTLY. Do you agree with me that a $9 or an $11 payment does increase net utility ? If so, you are already on board w me disagreeing w
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4/ Hanson. So now we need to scope it. Why is $11 pretty close? What's terrible? If the original sin was a $10 externality (so a cost to an innocent party of $10), then we know that a proposed solution is only worse than the initial case if the mispricing is > $10 off
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