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Shouldn't Rich People Be Able to Afford Better Anti-Tax Arguments? (New York City edition) When I come across a particularly inane news article, I save the link and jot down a few words to remind myself what I was thinking when I flagged it. For this column, the offending piece is from The New York Times (of course) on April 25, 2026: "New Taxes Helped Cool London’s Housing Market. Could That Happ...
The strongest version of this narrative is that progressive taxation on luxury assets can have unintended consequences, potentially harming the very populations it aims to help. The argument leans on London's experience, where taxes on secondary homes coincided with a cooling housing market and rising rents. However, the analysis is flawed by its reliance on industry-aligned sources and the omission of broader economic factors like Brexit. The pattern here resembles **ARC-0024 Ambiguity**—framin...