Steve Randy Waldman
@interfluidity.com

peaceful transfer of power vs peaceful surrender of power

Steve Randy Waldman
@interfluidity.com

😜

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Steve Randy Waldman
@interfluidity.com

we are very glad you are still with us.

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Steve Randy Waldman
@interfluidity.com

i’m always trying to make sure it “inserts” at the bottom.

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Steve Randy Waldman
@interfluidity.com

you get angry at a group of people, then you get incurious about what they say and write, then you have a blind spot.

Steve Randy Waldman
@interfluidity.com

why is “leftist” used as a term of derision more than “rightist”?

Steve Randy Waldman
@interfluidity.com

on twitter the main character was someone who outraged you. on bluesky the main character is someone who annoyed you.

Steve Randy Waldman
@interfluidity.com

there must be a fairy tale about a person cursed never to do anything right or well but blessed that for everything he does wrong or poorly he will be generously, extravagantly rewarded.

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Steve Randy Waldman
@interfluidity.com

they are heightening the contradictions.

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Steve Randy Waldman
@interfluidity.com

suddenly i feel like my invisible knapsack has grown fuller as well.

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Steve Randy Waldman
@interfluidity.com

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.

Steve Randy Waldman
@interfluidity.com

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.

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Steve Randy Waldman
@interfluidity.com

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.)

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Steve Randy Waldman
@interfluidity.com

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.

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Steve Randy Waldman
@interfluidity.com

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.

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Steve Randy Waldman
@interfluidity.com

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/

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Steve Randy Waldman
@interfluidity.com

if that's your view (it's obviously contestable, depends on your values!), a vacancy tax could raise the opportunity cost of vacancy and tilt towards renting/selling to a more consistent resident. /fin

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Steve Randy Waldman
@interfluidity.com

Why did Lina Khan succeed so much more than Gary Gensler?

Steve Randy Waldman
@interfluidity.com

burrito taxis are exempt, right?

Steve Randy Waldman
@interfluidity.com

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.

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Steve Randy Waldman
@interfluidity.com

he's resigned to resigning.