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> I prefer the variant where nobody owns land-- the local government can lease it out That means the government de facto owns all land.
by KingMob 3y ago
> I prefer the variant where nobody owns land-- the local government can lease it out
That means the government de facto owns all land.
- marklubi 3y ago> That means the government de facto owns all land. Do they not already? Try not paying your property taxes. Do it long enough and they'll take back 'your' land.
- acdha 3y agoI would expect the same democratic processes which keep the tax rate below 100% and balance zoning restrictions to limit the downsides there, and that’s more of an option than we’re seeing in areas where private equity funds have been buying up enough land to shift the market in their favor.