2/ BUT it's conceptually crazy that we tax new housing construction to do it, 40 yrs into regional housing shortage.https://twitter.com/DarwinBondGraha/status/674672846031880192 …
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Replying to @kimmaicutler
@kimmaicutler The argument that developers are being over-taxed is flawed, I think.1 reply 0 retweets 0 likes -
Replying to @DarwinBondGraha
@DarwinBondGraha They are still buying land at the peak of the land cycle, which only gives them a certain margin. Would rather tax land.4 replies 0 retweets 2 likes -
Replying to @kimmaicutler
@kimmaicutler Of course taxing land price gains is a better policy, but attaching fees to offset impacts of development is reasonable.3 replies 0 retweets 2 likes -
Replying to @DarwinBondGraha
@DarwinBondGraha that's the point I'm trying to make.2 replies 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler I'm with you 100%, but fees still seem good to me in the short to medium term. Everybody pays fees for all kinds of stuff.2 replies 0 retweets 2 likes -
Replying to @DarwinBondGraha
@DarwinBondGraha@kimmaicutler Homeowners don't pay any fees to fund affordable housing that I'm aware of, and their taxes are capped.1 reply 1 retweet 9 likes -
Replying to @rolandlisf
@rolandlisf@kimmaicutler Right, and Gov Brown (whose best friends are Oakland developers) vetoed a bill that would have imposed such a fee1 reply 0 retweets 1 like -
Replying to @DarwinBondGraha
@DarwinBondGraha@kimmaicutler Yes Jerry Brown is such a friend of developers that he killed CA's biggest source for affordable housing.3 replies 0 retweets 4 likes -
Replying to @rolandlisf
@DarwinBondGraha@kimmaicutler I'm reading this right now, really interesting (and disillusioning): http://smile.amazon.com/Shaky-Ground-Strange-Mortgage-Giants-ebook/dp/B0110IBKHM/ …4 replies 0 retweets 0 likes
@rolandlisf @DarwinBondGraha very few people realize how insane this system is at every level.
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