Traditional leftists' favorite countermeasure, rent control rules, only benefit people who stay in the same place for many years, at the expense of very long waits for new people who want to come in. Meanwhile, governments' ability to raise revenue to fund public services is limited by the fact that if income and sales taxes are pushed too high, people simply go somewhere else.

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Traditional leftists' favorite countermeasure, rent control rules, only benefit people who stay in the same place for many years, at the expense of very long waits for new people who want to come in. Meanwhile, governments' ability to raise revenue to fund public services is limited by the fact that if income and sales taxes are pushed too high, people simply go somewhere else.

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