you're running the risk of someone unwisely overbidding, and it costs you to defend against that chance.
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Replying to @anomalyuk @s8mb
sure. Then you are taxed on that. Like being taxed when you consume anything good. Basis of good tax system
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So where in your previous tweet you said "no", you meant "yes". Have you really thought this through? (I haven't, BTW).
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Replying to @anomalyuk
i was wrong on one claim: in fact the mechanism is perfect & always incentivises pricing where you truly value it
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Replying to @bswud @anomalyuk
true value to you incl sentiment & precaution & cost of moving
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Replying to @bswud
having connections in a community is to be penalised. Being mobile & rootless is tax-efficient. OK, labour mkt efficiency benefits
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Replying to @anomalyuk @bswud
but I'm not convinced that outweighs impact on culture & cohesion.
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Replying to @anomalyuk
if cohesion predictably benefits you more than someone who'd want to move in, you pay less tax
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Replying to @bswud
I'm speaking of community cohesion as a public good. There are externalities to committing to a place. (not all positive).
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Replying to @anomalyuk
then tax moves, so people set their price higher. Or maybe communities pay some of the tax themselves so prices are higher
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It's complicated. That's all I wanted to say :-) . It's such a "clever" trick that I think it's easy to become too attached to it.
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