5 ms·
It's interesting that you jump to "aggressive regulation" or "rent control" instead of the solution that has close to full consensus from the economic professio
by bufordsharkley 8y ago
It's interesting that you jump to "aggressive regulation" or "rent control" instead of the solution that has close to full consensus from the economic profession: https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax
- scythe 8y agoLVT is a good policy but it doesn't make land ownership a bad investment. It just tends to decrease the price of land, which is not usually a problem because land is not produced by people, unlike other securities.
- bufordsharkley 8y agoThe reason that land is a good investment is precisely because of future land rents that a land buyer expects to receive. If these land rents are instead paid towards a tax, how wouldn't this make land less of a good investment?