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You can lease land and airwave frequencies. You cannot lease coal, for example. You have to buy and use it, and then it's gone forever. Additionally, we don't
by papito 7y ago
You can lease land and airwave frequencies. You cannot lease coal, for example. You have to buy and use it, and then it's gone forever.
Additionally, we don't know how much coal there is to still be discovered - we know very well how much land there is.
- chii 7y agoIf you over-farm a piece of land, it loses fertility, until it becomes un-arable. If LVT is implemented, then there would be incentive to over-extract from the land anything that is valuable and can be avoided from taxation (such as fertility, or minerals, or anything else that rises from the land). I dont think this can be sustainable - because without clear, exclusive ownership that lasts indefinitely, why would anyone value the land at all?
- dodobirdlord 7y ago> I dont think this can be sustainable - because without clear, exclusive ownership that lasts indefinitely, why would anyone value the land at all? For the same reason that people already rent property they don't own. There are all sorts of value-generating activities that require exclusive right to some land.
- eru 7y agoWhy? We already have property taxes. They just also tax the stuff on top of the land. Do you see property taxes leading to over-extraction?