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A land value tax would sort this out. Build a new train station (crossrail was a massive subsidy to land owners[0]), land price increases, more is raised in tax
by isostatic 8y ago
A land value tax would sort this out. Build a new train station (crossrail was a massive subsidy to land owners[0]), land price increases, more is raised in tax, which pays for the infrastructure.
On the other hand, build a new bypass, land prices drop, and nearby land owners get compensation for their inconvenience.
[0] https://www.theguardian.com/uk-news/2015/mar/18/house-prices-surge-near-crossrail-stations-by-up-to-82 https://www.theguardian.com/uk-news/2015/mar/18/house-prices...