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0 pointsitsdrewmiller10mo ago0 comments

The author is quite clear that they are just pointing out that the LVT has some downsides, and are not trying to make any case about its overall value. It's good for LVT supporters to understand the counterarguments and be able to weigh them and rebut them (or change their mind! but hopefully not in this case because the counterarguments are very weak).

I don't understand your "fundamental rule of economics" claim - carbon taxes are a clear counterexample, I would think.

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noqc10mo ago

If the tax equals the externalized costs of burning carbon, and people continue to burn carbon, burning carbon is "good".

itsdrewmillerOP10mo ago

The whole point is to tax the bad externality rather than tax the good thing (energy production, or whatever). That doesn't make carbon production good, it just means that you aren't taxing the externality enough to discourage the underlying good activity.

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noqc10mo ago

If the tax equals the externalized costs of burning carbon, and people continue to burn carbon, burning carbon is "good".

itsdrewmillerOP10mo ago

j / k navigate · click thread line to collapse