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by ryandrake 713 days ago
It's somewhere in the middle, probably. People talk about wealthy foreigners, tourists and so on "bringing money to an area" as if that money is being uniformly dumped from a helicopter onto everyone. That's never what happens. It goes into the pockets of a relatively small handful of people/businesses, those people will spend a fraction of it, and downstream people will spend another fraction, and so on. It trickles a little, but the entire community is not benefiting uniformly.
1 comments

That's what I suggested in my heavily downvoted comment - "Maybe the tax should be imposed on the landlords' windfall profits instead?"