...Want to stop bailing out banks for bad loans on single family houses people couldn't afford? Want to stop wasting money on overextended infrastructure and unnecessary and poorly planned highways? WALKABILITY IS A TAX CUT.
Unfortunately, we built a structural inertia upon zoning, bank loans, tax incentives, and road construction that carried us WAYYYY past equilibrium for those industries. We are now experiencing the pain of this overshoot, like any druggie experiencing withdrawal...
...Cities, particularly young cities that know no better are eager for the tax base. That is, until they get the bill to maintain that infrastructure at such a low density. But the unfortunate reality is that you can't unbundle transpo from housing without having a lot of poor people stuck in the middle of nowhere.... --Read more at Car Free in Big D
