Taxes or rental charges for water use are bearable and legal and would spur water economy, but the following fallacies impede acceptance of these ideas: (1) water rights are real property, (ii) a charge on water would be passed on to consumers, (iii) the cost of water is just its development cost, (iv) markets solve most problems if property rights . . . → Read More: The Taxable Surplus in Water Values
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We hear a lot these days about the need for more capital to make jobs. Some of what we hear and read we may discount as self-serving, lobbying for more preferential tax treatment of profits. Yet there is a case argued by sincere and public-minded people on objective grounds which we must take seriously. What is the “message” of Proposition 1 3? Everyone was invoking it this past summer to fill his sails, but what was really blowing in the wind? |
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