3 ms·
It's because they own "water rights", but instead of buying it out, why can we not tax it? Of I barter eggs for cheese, I'm legally supposed to pay tax, so why
by coryrc 3y ago
It's because they own "water rights", but instead of buying it out, why can we not tax it? Of I barter eggs for cheese, I'm legally supposed to pay tax, so why can't we just tax water use period? Just conveniently make it high enough to make water rights net-zero value, then buy then for nothing.
Oh, right, Saudis would lose money.
- kolanos 3y agoThey do get taxed. It is called property tax. Land with water rights is worth a lot more than land without water rights in the same area. In my area water righted land is worth ~10x what land without water rights is worth for the same acreage. It is the farmer's version of beachfront property.