7 ms·

Without land ownership, how is it decided who gets to develop what where?

• frankus 4mo ago
  The most popular proposal (from Henry George) is to maintain individual land ownership, but impose a land-value tax that approaches 100% of the land rent. The result is that real estate basically sells for roughly what it would cost to rebuild whatever is built on the land. There is still a premium charged (in the form of LVT) to allocate access to desirable locations, but the revenue goes to the government/community instead of the previous owner. And the eliminating the incentive for land speculation should actually reduce overall costs.
• estearum 4mo ago
  I didn't say no land ownership. I said tax the gains of land ownership. Nothing changes about who decides what gets built etc.