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The solution to this is of course land value tax, distributed to citizens in a dividend. The gains from the land value go to the citizens of the country, not th
by midasuni 4y ago
The solution to this is of course land value tax, distributed to citizens in a dividend. The gains from the land value go to the citizens of the country, not the private speculators who add nothing.
- andrepd 4y agoI'm not sure it would be "the" solution, but it would certainly come a long way to make market-based economies live up to their theoretical promise. In a way, getting rid of all rent-seeking is probably the single most important economic measure that a "free-market" country can take.
- ricardobayes 4y agoI'd argue Spain doesn't have a property crisis exactly because speculators and developers. There is lots of housing stock available. I don't know any single EU country which has ready to live in apartments listed at 20k EUR. The problem is everywhere from the US to Europe, is that there is simply not enough housing available. Blaming speculators is blaming a symptom.