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by lokar
1876 days ago
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This illustrates the issue (IMO) at the heart of all of these discussions: Is personal ownership of land like other property ownership (like a chair), or is it somehow different? To what degree does society at large retain some ownership rights to all land, and a say in how it should be used? |
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But land is intrinsically tied to housing and food production. We should be strongly discouraging allowing usable land to lie dormant because someone wants to speculate on it. Land should be taxed in a way that encourages maximizing housing/business/service utilization. A city block dedicated to surface parking provides almost no utility compared to placing a forty story mixed use residential building on the same lot. Even worse are property speculators who purchase abandoned sites and do nothing with them for years in hopes that property values will rise considerably in an urban core.