I don't see a good economic argument for having lower property taxes on land used for farming or forestry, relative to other uses.
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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5/ a $11 payment is sub optimal, but the mispricing is only $1 - far better than the uncompensated negative externality. a $12 payment is sub optimal, but the misprising is only $2 - still better than a $10 uncompensated negative externality. a $19.99 payment >>>
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6/ is pretty bad - almost as bad in magnitude as the original mispricing. $0 and $20 are exactly equally bad - just in different direction
End of conversation
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