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by c1ccccc1
1811 days ago
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I'd agree that many business owners are blameworthy (specifically the ones who have sought monopolies for their product or monopsonies for their labour supply), but we shouldn't forget landlords. A huge fraction of people's income goes to paying rent, especially in urban areas, yet the property tax is relatively low. This leaves a fat profit margin for landlords, even subtracting off the capital cost of the building. The proliferation of "single family house" zoning hasn't helped either. Preventing the construction of high density housing drives up rents, and benefits landlords at the cost of everyone else. |
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