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I’d like to see the same. Your comment got me to think about it for a couple minutes. If another claim about LVT is true – that speculation is defeated and thus
by aesh2Xa1 5y ago
I’d like to see the same. Your comment got me to think about it for a couple minutes. If another claim about LVT is true – that speculation is defeated and thus prices are driven downwards – then the most valuable land becomes more generally affordable. Because of that, you’ll see _more_ people able to move into cities. Perhaps then the city also grows naturally/securely (rather than sprawls).
You’ll still have people that prefer privacy and property, of course. But would a government need to or want to service them with roads and utilities? I think these are some of the “dynamic effects” hinted towards in the article. Anyway, though, the point is that more people can afford to live in the city.