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Parking is a very poor use of space (compared to e.g. apartments or offices) that has been subsidized through all sorts of tax, zoning and other treatments. It leads to car-less people to subsidize those with cars. Forcing unbundling requires the market to value the parking separate from other amenities. This should lead to the optimal use of the space.

Having broad taxes to subsidize something is appropriate if subsidizing a social good, and/or for which it is difficult to efficiently tax (e.g. public education, roads, police). Parking is neither.

by SJE on Oct 22, 2012 5:07 pm • link • report

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