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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (15864)	4/24/2017 10:03:34 AM
From: Lane3	1 Recommendation Recommended By TimF Read Replies (1) \| Respond to of 365242

"if the income would have come from a development on his land, now left empty, that economic activity is lost" Maybe it will happen on my land, instead. I said "if." Yes, it could happen on your land if your land were suitable. But if the prospective development is a new ski resort or a new Broadway theater but if your land, a swamp in Arkansas, is what's available, that development ain't gonna happen. It's a matter of scarcity. If suitable land is scarce and the only options available are tied up by someone not interested in more income, economic activity is lost. If the billionaire got that way by being a genius inventor and chooses not to invent anything further, that potential economic activity is lost. If all the billionaires chose not to invest their assets in new projects, it would be harder to get funding to develop projects that produce new economic activity. I think you are being too cavalier about the impact of people choosing to work fewer hours or not risk their extant assets for too little return.