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So-called “inclusionary zoning,” the practice of requiring home builders to rent new apartments at a loss to low-income tenants, is a tax on new housing that worsens the housing shortage and raises rents overall in exchange for a handful of means-tested units. It’s bad policy!

A counterpoint: It's not a tax on builders, it's a transfer of income from upper tiers to the lowest tier. I'm OK with that. The benefits of building a class-diverse neighborhood -- in public services & amenities, commerce, education etc. -- are immense and should not be excluded from evaluation.