Lessons from Hong Kong, Singapore, and Addis Ababa
>But even a solidly neoclassical analysis will admit that these rents reflect no productive activity; they’re simply a reward for being lucky enough to sit on a valuable piece of land.
Why not use a land value tax?
>But even a solidly neoclassical analysis will admit that these rents reflect no productive activity; they’re simply a reward for being lucky enough to sit on a valuable piece of land.
Why not use a land value tax?