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Land markets are very unique. Location, Location, Location. Unlike Fruit of the Loom underwear, you can't get 12-pack of NYC or Paris next day. A land value t
by internet_user 7y ago
Land markets are very unique. Location, Location, Location.
Unlike Fruit of the Loom underwear, you can't get 12-pack of NYC or Paris next day.
A land value tax is does not cause economic inefficiency, and it tends to reduce inequality.
https://www.economist.com/free-exchange/2015/04/01/why-henry-george-had-a-point https://www.economist.com/free-exchange/2015/04/01/why-henry...
- pzone 7y agoWhile that is true, it is a separate issue than what GP raised. In fact, the point you raises goes in the opposite direction - it makes rent control far worse and more damaging! Locking in pre-existing claims to land (renters being allowed to stay as long as they want at cheap prices) and restrictive zoning laws BOTH serve to constrict the housing supply. Because land is already a finite resource, any restriction on how many housing units per parcel of land can be built is an even more harmful policy.