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by aeternum
2377 days ago
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How can socialized housing be the answer? Government has proven repeatedly that it cannot build housing as efficiently as private companies. Government housing projects also very quickly turn into slums since there are insufficient employment opportunities nearby. The single best thing governments could do is increase density in areas with high economic opportunity. This can also be done very easily with a few strokes of the pen: Higher density zoning, and a land value tax. Land value tax is critical as it ensures that landowners must develop their land rather than simply rent-seek if they are lucky enough to own in a desirable and growing area. |
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