From some riffing with OpenAI’s o3, it sounds like this isn’t quite true: https://chatgpt.com/share/68315475-5500-8009-8184-abc1cf6e5be7
Discussion
thanks for that. original claim definitely seemed off to me
it is honestly insane that any localoty would have inventory tax though. imagine running a business there.
“why are you stock piling a bunch of turds alongside all of this wonderful lumber?”
“oh that? because the turds have negative value so i keep them around to offset positive value of the lumber so that my inventory taxes are lower this year”