Why the answer to saving our economy may just be found on your local street corner.
If you want to revitalize cities, end urban sprawl, empty buildings and bring land and housing prices down you need to tax land and other forms of economic rent. Taxes on economic rent (land, monopoly, resources) do not add to price, they are paid out of rents.
See: Hudson, Michael - Simon Patten on Public Infrastructure and Economic Rent Capture (2011)
If you want to revitalize cities, end urban sprawl, empty buildings and bring land and housing prices down you need to tax land and other forms of economic rent. Taxes on economic rent (land, monopoly, resources) do not add to price, they are paid out of rents.
See: Hudson, Michael - Simon Patten on Public Infrastructure and Economic Rent Capture (2011)
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