this is probably actually good generally having well-defined property rights over goods results in a superior allocation water in particular is frequently hamstrung by this problem https://t.co/XpoPqLwmkp
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does anyone know why CA doesn't buy back water rights from incumbent holders? seems like their marginal value must be quite low in many cases
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Replying to @eigenrobot
California already under charges for the water it sells municipally. The last thing the state need is to take over the riparian rights of ag land, the big users, and get lobbied into undercharing them in a big ole tragedy-of-the-commons scenario.
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Replying to @ElamBend
yeah getting my head around it forgot that rights are allocated by amount rather than (eg) share of sustainable draw or similar and yeah civic underpricing is nuts god what a shit system I could absolutely do better
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Replying to @eigenrobot @ElamBend
So much of it is also inflicted via things like referendum, the dumbest form of decision making.
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Replying to @AltKurtis @eigenrobot
Hard decisions are put off forever, increasing the pain.
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Replying to @ElamBend @eigenrobot
People are notoriously bad at medium and long term thinking. That's why you can't just leave it up to the majority if you must have government. Look at California's fiscal issues and the fact that they passed a constitutional amendment to limit property tax increases.
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Replying to @AltKurtis @eigenrobot
They actually did well with the budget at least a decade and a half after Prop 13 passed. BUT 1) subsequent laws passed made the freeze passable to grandchildren! and 2) The budget, annually & structurally, blew up under Schwarzenegger and 3) Referendums have created budget ...
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Referendums have created budget constraints (i.e. spelling out what must be spent where, while not allowing legislature to decide year to year.
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Property costs aside. Californians actually underpay what it cost to live there. Their electric costs are artificially low (govt restricted) - so the utlity gets lax on cutting trees around power lines; they underpay for water - so draught gets exacerbated, etc. etc.
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oh they pay for it
the cost is always paid 
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