Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

California Corruption and Zoning Reform

by September 4, 2024
September 4, 2024
California Corruption and Zoning Reform

Peter Van Doren

An important insight offered by libertarians is that attempts to suppress market forces through policy often result in illegal underground markets accompanied by corruption. The libertarian policy insight is to legalize the suppressed trade.

The New York Times recently described evidence in support of this claim: corruption in Los Angeles. The FBI and the United States Attorney’s Office have investigated “a wide-ranging “pay-to-play” scheme in which developers bribed Los Angeles city officials to secure official acts to benefit their real estate projects.” 

A previous blog post as well as an article in Regulation have described proposals to allow developers to pay localities to alter their zoning constraints. Such proposals recognize that zoning rules have become de facto property rights. Currently, the negotiations between developers and politicians about zoning change are behind the scenes. The payments go to facilitators and politicians rather than neighboring property owners who suffer welfare losses from development.

Allowing local governments to convert the current in-kind, opaque, underground market for zoning change into an explicit legal exchange of cash for density would facilitate development and eliminate corruption.

0
FacebookTwitterGoogle +Pinterest
previous post
How to Spot a Hedge Fund Trap: MicroStrategy’s Dramatic Plunge
next post
Club for Growth pours $5M into tight House races as GOP braces for tough election

You may also like

Bring Back Rescissions: How to Realize DOGE Savings

March 27, 2025

A New K-12 Productivity Chart

March 10, 2025

Minimum Wage Increases Hurt Lower-Skilled Workers

July 30, 2025

Good Riddance to Grad PLUS Student Loans

July 8, 2025

A Roadmap for Robots: Unpacking the Bipartisan Senate...

May 20, 2024

The Folly of Tariff Reciprocity

February 21, 2025

To Reach Statehood, Puerto Rico Should Improve its...

January 2, 2024

Immigrants Used Less Welfare than Native-Born Americans in...

February 18, 2025

An Ominous Quiet on the Law Firm Revenge...

May 21, 2025

Senator Warren Is Way Off on Raspberries—and Americans’...

August 16, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Case v. Montana Brief: Limit Loopholes to the Fourth Amendment

      August 7, 2025
    • Trump opens $9tn US retirement market to crypto in landmark executive order

      August 7, 2025
    • What Should We Learn from China’s Nuclear Construction Costs?

      August 7, 2025
    • Closing the Primary Care Gap

      August 7, 2025
    • Veteran Biden insider Anita Dunn appears in House Oversight autopen probe

      August 7, 2025
    • NDAs banning harassment and discrimination disclosures to be void under new UK workplace reforms

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,182)
    • Politics (16,331)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved