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There's a lot to hate about Trump, but I'm confused by that example. Property development is building, in perhaps the most literal sense. Trump Towers are actua
by emiliobumachar 9y ago
There's a lot to hate about Trump, but I'm confused by that example. Property development is building, in perhaps the most literal sense. Trump Towers are actual things that provide tangible value. I don't know if their valuations are sane or if the processes used were ethical, it that what you were aiming at?
- crdoconnor 9y agoProperty development conflates building construction which does provide tangible value with land value rent extraction and speculation, which does not. The latter is largely how Trump managed to grow his wealth; he's pretty bad at the former. This provides a good summary of this principle: https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism