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by nwah1
3564 days ago
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The ability for people to speculate on rising land values basically ensures that a large portion of prime land will be underused, or held out of use entirely. If we shifted taxes away from production and onto land use in general, regardless of whether it is vacant or not, we would no longer see this underutilization of land, and also end the perverse incentives of taxes on productive activity. |
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