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Right, but if we let "rich people want to be paid for being rich" stop us then we can't accomplish anything because that will never change :)
by jjoonathan 3y ago
Right, but if we let "rich people want to be paid for being rich" stop us then we can't accomplish anything because that will never change :)
- zozbot234 3y agoI'm just saying that rolling leases have a very real incentive problem compared to other approaches. So ongoing taxation (i.e. LVT) may be a better all-around solution. Policymakers can also monetize future tax revenues, by taking on more government debt; but this tends to be a lot more visible and make bond investors more upset compared to the obscurity of land sales.