What we have been struggling with is a system that rewards "rent-seeking" speculation in land over the production of goods and services. A low effective rate of taxation on the potential rental value of land causes land extensive development, sprawl. What needs to be done is to change the way property is taxed, exempting property improvements from the tax base and publicly collecting the potential annual rental value of all land held. This is the only means of effectively taming sprawling development, of bringing land in the cities to its highest, best use.
What we have been struggling with is a system that rewards "rent-seeking" speculation in land over the production of goods and services. A low effective rate of taxation on the potential rental value of land causes land extensive development, sprawl. What needs to be done is to change the way property is taxed, exempting property improvements from the tax base and publicly collecting the potential annual rental value of all land held. This is the only means of effectively taming sprawling development, of bringing land in the cities to its highest, best use.
Great talk! And great first name!
That's the city of Ba Sing Se at 0:20
Earth Kingdom is offended!
🤣🤣🤣
hey jam
+PatrickGaming hwey u s1ck lad
hello
+PatrickGaming hello back
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