[barry-cotter]

It is very difficult to predict in advance how flaws will be exploited but you should at least think very hard about how they might be exploited before announcing a policy. You should ideally have thought about it enough that you have the policy ready when you announce it and can explain and justify it, including all the details.

Good policy beats discretion reliably and consistently for reasons of dynamic consistency. If you find yourself announcing a policy when you don’t even have the details ready you are doing it half assed. You certainly haven’t had tax lawyers or economists with expertise in mechanism design look over your policy proposals. You are an unserious person, making policy up on the fly, floating trial balloons while running off your mouth, a Trump or AOC.

Cities don’t exist for rich people to exploit but if you build less housing than there is demand for the richest will, on average, get more of what’s available than the poorer.

[somecallitblues]

Why would you think they haven’t thought about it? Sounds like a great plan.