4 ms·
So how do we get people to stop bidding up a positional good?
by danielweber 10y ago
So how do we get people to stop bidding up a positional good?
- bufordsharkley 10y agoYou could negate the gains of land wealth. There are small fixes for this (applying capital gains to home sales), but the big fix would be an application of a land value tax,[0] something generally agreed to be very economically efficient. [0] https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax