That is fortunate in some ways, as unemployment has acute and concentrated costs.
LVTs would impose concentrated costs on today's landowners, who face a new tax bill and a reduced sale price.
This is the dynamic that makes trade a tricky issue: Free trade has widely distributed benefits and concentrated costs, while a tariff like this one that is meant to help a particular industry has concentrated benefits and widely distributed costs.
But harnessing the power of the river comes with concentrated costs, from fragmenting the river system and destroying natural habitat to triggering ecological hazards and displacing at least 40 million people globally (World Commission on Dams 2000).
But harnessing the power of the river comes with concentrated costs, from fragmenting the river system and destroying natural habitat to triggering ecological hazards and displacing millions of people.
In fact, it has been a generally, if modestly, positive force for growth and modernization in the U.S., Mexican and Canadian economies, whose diffuse benefits to Americans, in terms of expanded exports and lower prices for a wider range of goods, have been offset locally by job losses and other concentrated costs.
Merrill Lynch was in the midst of a European restructuring at the time that concentrated on cost-cutting, and it is unclear why the loss occurred.
But the declines in usage are modest and concentrated among higher cost, brand-name medications.
Again, the benefits were private and concentrated, while the costs were public and diffuse.
In other words, the holdings of investors are more concentrated in low-cost funds.
