Tax the land
One radical idea to solve America’s housing crisis.
Hasnain says:
“So why is this meme becoming so popular (at least among some online communities)? Lars Doucet, a prominent land value tax proponent, explains that a big part of the reason is that for a long time the automobile made sprawling suburban development possible. That meant people could still access valuable labor markets even if they couldn’t afford to live near their jobs (as long as they were willing to suffer long commutes, that is).
“Now we’ve run out of suburbs,” Doucet argued. “We can’t push any further through expansion.””
Posted on 2022-03-11T08:08:23+0000