Economic substance is the main issue. But if you do want to consider the politics, every time a moderate Democrat toys with taxing unrealized capital gains, wealthy and influential people are scared away from Harris. I just don't see why Democratic economists should be wanting to push their party in this direction.
@PFF_Moo Isn’t the point that they extended the contract before they had seen him play for the Broncos? They could have let him run on his existing contract first and see what they had.
I also recommend the work of colleagues at @RUSI_org who separately published their own analysis today. Their work is top notch, and it’s great to compare findings with fellow researchers working in Ukraine. https://t.co/kIC2CeKgWy
@mumbletwits … over time, and the existing stock become run down as owners refuse to maintain or upgrade (think of things like heating/cooling/insulation, repainting or carpeting, and general wear and tear)
@mumbletwits The theory is that if you cap the price of any good or service, you reduce supply. Why would someone invest in a new property if the return is capped? Or why upgrade an existing property if you can’t get a return in the investment. So you reduce growth the stock of housing…