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I agree with allowing the market to function, but I also believe it needs to be coupled with a land value tax to incentivise efficient use of the land. A land
by anonuser123456 5y ago
I agree with allowing the market to function, but I also believe it needs to be coupled with a land value tax to incentivise efficient use of the land. A land value tax incentives people to build up and build in a space efficient manner.
- skt5 5y agoAren't property taxes a form of a land value tax? You could argue that property taxes aren't high enough - or priced below market value - to incentivize efficient resource allocation.