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That's the gist of it. If land is so worthless even rich people don't want anything to do with it, why would it make someone poor better off to have it?
by prichino 4y ago
That's the gist of it. If land is so worthless even rich people don't want anything to do with it, why would it make someone poor better off to have it?
- TimPC 4y agoBecause you can put structures on the land and capture the entire value of the structure? There is a difference between something being intrinsically worthless and the taxes driving the market price to $0.