Property development conflates building construction which does provide tangible value with land value rent extraction and speculation, which does not. The lat

Property 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