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Land value tax. Makes speculation infeasible and low-density development uneconomical and eliminates a lot of the incentives that drive restrictive zoning. Als
by ethanbond 3y ago
Land value tax. Makes speculation infeasible and low-density development uneconomical and eliminates a lot of the incentives that drive restrictive zoning.
Also allows the public to capture the financial upside of public infrastructure projects (e.g. building a billion dollar subway today produces a huge amount of wealth for the landowners who happen to be near that project, in the form of increased rent — that can and should be captured by the public who paid for it).