Henry George wrote about this extensively. The solution is a tax on all land at just under 100% of it’s rental value. That allows landlords to profit from the structures they build and maintain, but not from the land itself. It disincentivizes real estate speculation, lowering the cost of land and housing and improving accessibility to people who use it productively.
Henry George wrote about this extensively. The solution is a tax on all land at just under 100% of it’s rental value. That allows landlords to profit from the structures they build and maintain, but not from the land itself. It disincentivizes real estate speculation, lowering the cost of land and housing and improving accessibility to people who use it productively.