&gt; If taxes are too high here, I can move. That sets a mechanism for keeping equilibrium in prices.<p>Couldn&#x27;t you say the same thing about rent, under the current system? If rents are too high, people can move to Des Moines or wherever; that fact hasn&#x27;t made many people feel ok about how high the rents are (because of course not all places you could live are equally desirable).