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> why should a politician need to step in to regulate, rather than letting the market decide? If we taxed land, then sure, we'd get efficient use of land. But
by pkulak 3y ago
> why should a politician need to step in to regulate, rather than letting the market decide?
If we taxed land, then sure, we'd get efficient use of land. But we (mostly) don't, so here we are, surrounded by car washes and parking lots.
- HideousKojima 3y ago>But we (mostly) don't Just because we don't have Georgism doesn't mean we don't already tax land a ton. Annual property tax revenue for the entire US is ~$600 billion. By comparison, federal income tax revenue is about $2.6 trillion annually.