8 ms·
Firstly, I'm tentatively in agreement when it comes to taxing land. Secondly, I don't think this really has much to do with the book unless you think the retur
by tome 11y ago
Firstly, I'm tentatively in agreement when it comes to taxing land.
Secondly, I don't think this really has much to do with the book unless you think the returns to capital invested in land and housing is much greater than the returns to capital invested elsewhere.
Thirdly, land is only an issue because it's currently in short supply. You can't make laptops any more once we've run out of rare earth metals, say. When that happens we might have to start taxing stocks of them, too.