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You could stretch the definition of “required” here to include the land required for housing development to fund the railway ? The railway is a common good, an
by danw1979 2y ago
You could stretch the definition of “required” here to include the land required for housing development to fund the railway ?
The railway is a common good, and the housing development profits are just a means to those ends.
- lmm 2y agoMoney is fungible, it's pretty unreasonable to say that a given housing development is required because the state needs money to fund a railway. They could raise taxes or what have you. (My preferred solution would be land value tax, which would make the railway self-funding, but that's a bigger argument).