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Yet three decades ago, thanks to insane fiscal policies that heavily incentivized land speculation, a few square km in Tokyo were worth as much as all of Califo
by rcpt 5y ago
Yet three decades ago, thanks to insane fiscal policies that heavily incentivized land speculation, a few square km in Tokyo were worth as much as all of California.
https://hbr.org/1990/05/power-from-the-ground-up-japans-land-bubble https://hbr.org/1990/05/power-from-the-ground-up-japans-land...
To be honest 80s Japan doesn't seem too far off from current California tax law so maybe I'll be able to afford a house here in 30 years