Tagged: transitional gains trap

Local rent creation: alcohol edition - The Dismal Science

Eric Crampton Jun 19, 2013

I'm not sure that Wellington Council, and the other local bodies, are setting out to create rents for property owners in soon-to-be-designated "fun" districts, but that's what they're soon to achieve. The alcohol reform legislation pushed alcohol regulation back to local bodies; local busybodies have consequently gotten busy lobbying local councils to restrict hours of operation and number of … Read More