> If taxes are too high here, I can move. That sets a mechanism for keeping equilibrium in prices.
Couldn't you say the same thing about rent, under the current system? If rents are too high, people can move to Des Moines or wherever; that fact hasn't made many people feel ok about how high the rents are (because of course not all places you could live are equally desirable).
Couldn't you say the same thing about rent, under the current system? If rents are too high, people can move to Des Moines or wherever; that fact hasn't made many people feel ok about how high the rents are (because of course not all places you could live are equally desirable).