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Why do people have 'property rights'? They're an artificial construct as much as government is. If you want to monopolise an area of land, you need to pay your
by isostatic 9y ago
Why do people have 'property rights'? They're an artificial construct as much as government is.
If you want to monopolise an area of land, you need to pay your fair share. Perhaps for this building the land may cost society (through externalities) £2m a year, so unless that is paid (by whoever), the land gets repossessed and sold to pay the outstanding tax bill.
Far more equitable way of funding society than charging those who work for a living.
A land value taxation ensures that whoever the 'owner' is, the cost to society of that owner monopolising the land is paid.