Does this guy at the so-called "Adam Smith" institute understand that Adam Smith warned about the dangers of unearned land wealth http://www.econlib.org/library/Smith/smWN5.html#B.I … while those who invoked his spirit in the 70s passed Prop. 13, letting private land owners absorb disproportionate land rents?https://twitter.com/Sam_Dumitriu/status/945708446107750400 …
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I often see objections to new developments on the grounds that there is insufficient affordable housing. Seems to be a stick for NIMBY's to use more often than not.
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Haha, I tried to respond to one NIMBY group on this. I said, OK, you want 100% affordable housing? How about everyone commits to selling their home to no more than they purchased it for in order to maintain affordability for future generations?
End of conversation
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