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And if that land was purchased with wealth that was created, what's the problem?
by tome 11y ago
And if that land was purchased with wealth that was created, what's the problem?
- branchless 11y agoMost is purchased with debt - this is what sets the price. Also they are not making new land. Why should people have the right to charge people to live on a part of the earth in perpetuity? The state builds infra around it then the land owner charges a fortune for people to have the right to exist. Land is a special case and should be treated as such. Land value tax would address this by capturing most of the added value from land for the common wealth rather than land monopolists.
- AjithAntony 11y ago>Land value tax. Property taxes already exist. The people renting the property already pay it. If that tax goes up, then so do the rents.