As one of my "marginal area" (how 'bout that for a euphemism) landlord pals put it, " it's greed not need, whatever the market will bear."
Sincerely, Tom
Max Sawicky wrote:
> >I would love to hear more on this theme. In various and sundry reading on
> Social Security I often came across the statement that "most economists
> believe that the employer's part of FICA is paid by the worker." (Steuerle
> and Bakija(sp?) for example). But you can substitute the tax of your choice,
> like "most economists believe that property taxes are paid by the renters."
> And so on.>
>
> Like Jimmy Carter said, I'd never lie to you.
>
> You want to read literature reviews? Check
> the Journal of Economic Literature. Or look
> at some textbooks in public finance, though
> here you have to be careful to determine
> whether you've found something written by
> one of James Buchanan's students. [He's an
> ultra-conservative nobel laureate.]
>
> BTW, I said the left thinks the property
> tax is paid by renters. The mainstream
> economists' view is that it is borne
> partly by capital, and partly by
> renters (the latter in jurisdictions
> with above-average tax rates). I lean
> to the mainstream view, just another
> reason for my political friends to
> regard me suspiciously.
>
> MBS