Category: Housing

People value a government they pay taxes for: Part 2, The implications

4 March, 2015 (10:00) | Economics, Government, Housing, Lucy Martin, Political theory, Real estate taxes, Speculation, Sub-Saharan Africa, Taxation, Uganda | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith In yesterday’s Part 1, we explored a fascinating bit of doctoral research conducted by Lucy Martin designed to test whether people’s sense of unfairness, and willing to act on that unfairness, would change depending on whether the money in question had been received as a grant […]

People value a government they pay taxes for: Part 1, The experiment

3 March, 2015 (10:00) | Economics, Government, Housing, Lucy Martin, Political theory, Real estate taxes, Speculation, Sub-Saharan Africa, Taxation, Uganda | No comments

By: David A. Smith Given that People value only what they pay for is indeed a universal rule, it will have subcases – and one such subcase, striking in its own right and with major implications for the way donors deals with country governments, was highlighted in a recent article in The Economist (February 7, […]

The antidote to majoritarianism: Part 2, There are outer limits

12 February, 2015 (09:00) | Apartments, Constitution, Fifth Amendment, Housing, Law, Local issues, Markets, Rent control, Rental, San Francisco, Takings, US News | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith As we saw in yesterday’s Part 1, essential to democracy is the protection of minority rights against the majoritarian impulse to rewrite the rules by increments, and as property rights are human rights, they must be protected by an entity or branch of government that stands […]

The antidote to majoritarianism: Part 1, On its face fails both tests

11 February, 2015 (10:00) | Apartments, Constitution, Fifth Amendment, Housing, Law, Local issues, Markets, Rent control, Rental, San Francisco, Takings, US News | No comments

By: David A. Smith In case of emergency, think for yourself Once a society has decided that a particular group of people is morally guilty against the public interest, it can and often will embark on a series of exactions, each of which it justifies as necessary to ‘level the playing field,’ ‘correct historical inequity,’ […]

Live-in safety-deposit boxes

10 February, 2015 (09:00) | Apartments, Banking, Global news, Housing, Innovations, Investment, Markets, New York City, Property rights, Speculation | No comments

By: David A. Smith Neil McCauley: A guy told me one time, “Don’t let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner.” Now, if you’re on me and you gotta move when I move, how do you expect […]