> Many airbnb are not people "renting on a weekend when they go on holiday". It's a mini hotel. The former I don't mind, the latter should be taxed out of existence.
1. What percentage of Airbnb users belong to each category? Why do you ignore the former and hope 'they all get their fingers badly burned when rates rise'?
2. You still have provided no argument as to why the latter should be 'taxed out of existence'.
> Your comment about groceries is dire. Production of food is elastic. Production of land is not.
This is irrelevant to the point you and I were discussing, namely, that restricting the supply of something will not magically lower its price. It works just as well with any other supply-inelastic good or service.
> Taxing those who simply try to be middle men to be, yes, a rentier is a good thing.
Can you clarify what you mean by 'those who simply try to be middle men'?
> So many bad comments on HN that fail to understand elasticity and how prices are set. I'm off.
1. It's a bit ironic for you to make this accusation when you're literally advocating for taxing an entire economic sector 'out of existence'.
2. I made no comments about elasticity of supply. You did.
1. What percentage of Airbnb users belong to each category? Why do you ignore the former and hope 'they all get their fingers badly burned when rates rise'?
2. You still have provided no argument as to why the latter should be 'taxed out of existence'.
> Your comment about groceries is dire. Production of food is elastic. Production of land is not.
This is irrelevant to the point you and I were discussing, namely, that restricting the supply of something will not magically lower its price. It works just as well with any other supply-inelastic good or service.
> Taxing those who simply try to be middle men to be, yes, a rentier is a good thing.
Can you clarify what you mean by 'those who simply try to be middle men'?
> So many bad comments on HN that fail to understand elasticity and how prices are set. I'm off.
1. It's a bit ironic for you to make this accusation when you're literally advocating for taxing an entire economic sector 'out of existence'.
2. I made no comments about elasticity of supply. You did.