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The General Excise Tax. We all know it, we all complain about it, especially the way it stacks up in transaction after transaction, raising prices. But there was a time when it didn't exist at all. Here's a look at who created it, when, and, most importantly, why.
The analysis, “Who Pays for Climate Disasters?,” reveals a system in retreat, leaving residents vulnerable as private insurers abandon markets and shift costs to the public.
When outside demand is effectively infinite, deed restrictions that focus on creating a diverse resident-owner base across multiple housing types—rather than just capping prices—do more to shift the market toward locals than any single “affordable” building will.