3 ms·
Why should property go to the most (fiscally) productive use? Is this simply an axiom? I assert that it has bad consequences. In my city (Toronto) the tax ra
by jrd259 7y ago
Why should property go to the most (fiscally) productive use? Is this simply an axiom? I assert that it has bad consequences. In my city (Toronto) the tax rate is set on the assumption that land is put the "most productive use". This forces out non-profits, artists, theatres, dancers and in general everything that makes a city worth living in in favour of chain restaurants and condos.
- quotemstr 7y agoHow do you know those artists and theaters are better than the restaurants and condos? Dollars reveal true preferences, and it appears that people don't actually prefer artists, theaters, and dancers like you'd prefer. Who are you to override the preferences of the public?