Replying to Avatar jo 🇺🇸

this paper explains it very well

https://cepr.org/voxeu/columns/post-corona-balanced-budget-fiscal-stimulus-case-shifting-taxes-land

Avatar
jo 🇺🇸 8mo ago

city land values rise over time due to community efforts and public investment benefiting landowners without their effort

Reply to this note

Please Login to reply.

Discussion

Avatar
jo 🇺🇸 8mo ago

imaging you bought your home 50 years ago in SF

Avatar
jo 🇺🇸 8mo ago

your home is worth much more now

Avatar
jo 🇺🇸 8mo ago

not because of anything you did

Avatar
jo 🇺🇸 8mo ago

it’s the result of the efforts of all those who contributed to making SF richer. including (of course) the public at large through their taxes

Avatar
jo 🇺🇸 8mo ago

taxing land rent is crucial as credit fuels land ownership, turning rents into unproductive debt and risky bubbles