2 ms·
Only allowing government repurchase makes the system vulnerable to corruption - make a backroom deal with a government official and extract a promise not to buy
by greyface- 1y ago
Only allowing government repurchase makes the system vulnerable to corruption - make a backroom deal with a government official and extract a promise not to buy, then declare at $1. A system where anyone can purchase the property at the declared value is more robust.
https://en.wikipedia.org/wiki/Harberger_Tax https://en.wikipedia.org/wiki/Harberger_Tax