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Imagine a survey…
Should the presidential center be built in the park?
Yes
No
But instead of participants simply voting for their preferred option, they would spend any amount of money on it. This system has two benefits…
1. Everybody would see and know the actual demand for/against the proposal.
2. The city would raise money to help reduce its ridiculously huge debt.
From my perspective, the world needs a lot more trees than buildings. So I’d definitely spend my money on the “No” option.
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It is impossible for anyone, even if he be a statesman of genius, to weigh the whole community’s utility and sacrifice against each other. — Knut Wicksell, A New Principle of Just Taxation
The Suburbanist gets credit for bringing this issue to my attention…
Carve 20 acres out of Central Park for a library? What an awful idea. Better to buy the land for housing. https://t.co/MyrXMAPb6t— The Suburbanist (@The_Suburbanist) January 17, 2018
http://ideaplug.org/?t=Chicago_feedback
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