top | item 18368308

(no title)

bufordsharkley | 7 years 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

discuss

order

scythe|7 years ago

LVT 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|7 years ago

The 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?