On: Berkeley's upzoning would be among nation's largest

[ipaddr]

Let the people with the most money decide?

[kiba → ipaddr]

The people with the most money pay the highest tax for the privilege of using the most expensive and most valuable land. If they're any good at it, they'll make a profit on it, the way it should be.

[ajmurmann → ipaddr]

That's not how markets work

[Negitivefrags → ajmurmann]

Isn't that exactly how markets work?

Isn't that exactly the whole point of capitalism?

If people with money want strawberries, they buy more strawberries. Price of strawberries goes up. Farmers who could choose to grow strawberries or some other thing decide that they want to grow strawberries because the price is high. More strawberries are grown.

The people who have the money to buy the strawberries indirectly caused more strawberries to be created.

So yeah, the people with the money decide what gets created. This is a good thing.

[astrange → Negitivefrags]

It isn't how markets work because people with more money don't automatically want to spend more money on strawberries.

Rather the inverse; they have more money because they haven't spent it on things yet.

Although it's not a good general metaphor because strawberries are a consumption good and not used for your income like a car is.