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Exactly. When land is taxed correctly you can no longer sit on it and demand rent from others for access. Unlike our current insane system.
by branchless 10y ago
Exactly. When land is taxed correctly you can no longer sit on it and demand rent from others for access. Unlike our current insane system.
- AstralStorm 10y agoWhat would prevent you from building a skyscraper then renting it out? Tax is still suppressed. And only rich can afford such an investment.
- branchless 10y agoYou build the skyscraper and capture the value you add. You made efficient use of land therefore you win. That's the point. It's about stopping people doing no work and deriving economic value. It's not about stopping economic progress, nor is it about stopping people retaining the value they add. Quite the opposite.
- lordnacho 10y agoThat's right, and economically efficient. Interesting question though. What about land that is reclaimed from the sea, or land that requires investment in order to not fall into the sea? Such land cannot be said to exist independent of someone's efforts, and we could not make such arguments.
- branchless 10y agoLand reclaimed by the sea? Hardly a pressing question. I'll pass, thanks.