suddenly i feel like my invisible knapsack has grown fuller as well.
i think Putin persuaded himself that territorial expansion is what marks a leader as durably "great", then persuaded his admirers and imitators of this. Trump doesn't actually want to invade anybody, to his credit he's squeamish abt that kind of thing, but he figures he might work some kind of deal.
in some places. in really high demand places you're fine covering the cost of parking if they'd permit the project. (the parking requirement is still bad, because it's bad urbanism!) again, circumstances differ, but there are circumstances where a vacancy tax might make sense.
probably if you want a vacancy tax, you'd want a vacancy tax in high-demand places where abandonment is rare rather than low demand places. (although low demand places might want to accelerate the process from abandonment to legal confiscation, so they can tear down, sell for $1 to rehabbers, etc.)
but incentive to build new stock isn't really the problem, is it? incentives to build are already very strong, but non-price barriers prevent new stock regardless. as with rent control, there's a supply story but it often seems detached from supply constraints that actually bind.
they are vacant if you define vacancy as not physically occupied at least some fraction of a period of time. you'd have to come up with an arbitrary threshold, but it's perfectly doable, no more arbitrary than a lot of arbitrary thresholds. enforcement would be imperfect, but again, not unusual.
there's also vacancy from owners who value the option value of the apartment more than they value the rent stream. in this case, vacancy may be privately optimal, but socially undesirable. 1/
it doesn’t have to be the income tax though. the income tax can be for clipping the wealth and income distribution. other taxes can finance social democratic benefits, eg VAT. for financing, you need a tax that hits the middle class. for shaping the distribution, you don’t.
regulation has it costs, but journalism, which disproportionately presents extreme cases, overstates them. regulation has profound benefits too. that there's lots of room for improvement doesn't render the regulatory state a catastrophe. see @kdrum.bsky.social jabberwocking.com/yeah-america...
Yeah, America can still build stuff - Kevin Drum
Link Preview: Yeah, America can still build stuff - Kevin Drum: Marc Dunkelman has a new book coming out next month called Why Nothing Works. His thesis is that America once did big things but now seems stuck—and much of it is the fault of progressives: America is...perhaps i'm mistaken, but i don't think the outpouring of support for luigi reflects affluenza or post-materialist politics. although, yes, even people with awful health insurance do have a wide variety of sushi options these days.
this by @mattyglesias.bsky.social is very good. www.slowboring.com/p/four-years...
Text: If I were to say, “It’s irresponsible to back Trump regardless of your views on taxes and energy because he’s an authoritarian menace,” these people would say I’m being a hysterical lib. But if I were to say, “It’s fine to vote for Trump while still strongly disagreeing with what he did around 1/6, I’d just like to hear you say that in public,” the response would be that everyone knows it’s best to avoid Trump’s bad side. If you’re not willing to voice criticism of the president, even while generally supporting him, because you’re afraid of retaliation, that seems at least a little bit like Trump is an authoritarian menace. I have concerns! And what I would love more than anything is for Trump supporters in the business world or at conservative nonprofits to set my mind at ease, not by arguing with me about whether Trump is an authoritarian menace, but by showing me that they don’t fear him and can offer pointed, vocal criticism of his conduct and strong condemnation of these potential pardons.
baby's first bsky script github.com/swaldman/sca...
it'd be pretty wasteful to make a special trip to drive a single cup of pears two blocks!
small frivolous expenses—i don’t wanna touch burritos let’s go back to avocado toast—don’t indicate the purchaser is either wealthy or foolish. they can be chosen bc, despite their frivolity, they are immaterial relative to big sources of financial stress + deliver pleasure worth the small cost. 1/
humans don’t reveal lexical preferences for what finger-waggers deem essential first to frivolities only if income remains. this includes the preferences of the finger waggers whose excess income only lets them pretend their preferences are unhumanly hierarchical. /fin
