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Isn't it possible that they (speculators) prevent possible frivolous usage due to low prices? Speculators can serve to raise prices over time so that, presumabl
by jsprogrammer 11y ago
Isn't it possible that they (speculators) prevent possible frivolous usage due to low prices? Speculators can serve to raise prices over time so that, presumably, more worthy owners can make better use of a property than a much lower bidder would have done several years prior?
- branchless 11y agoI've never heard this argument before, no. Land value tax in fact would force people to realise the true value of the land by taxing them whether they use it or not. If they don't use it to full potential they either hemorrhage money or sell up ASAP. EDIT: knock yourself out: http://www.henrygeorge.org/rent1.htm http://www.henrygeorge.org/rent1.htm
- jsprogrammer 11y agoI didn't realise land has a true value. How is it determined? What does it mean to use land to its full potential? I could build a petrol station, or I could build a mini-market/strip-mall on the same land; is one better?