March 6, 2012 · 1 min
The Land Questions: #36 — the land in the path of progress (2)
- He worked hard. He played by the rules. He bought up land before the interstate highway was announced, and his widow and orphans now have a very valuable land portfolio, for which others will pay a high purchase price or high – and rising – lease prices, for generations. Is it right to change our tax code to tax – heavily – year in and year out, the economic value of that land?
a wedge driven through societyall benefits go to landholdereconomic rentfinancing educationfinancing infrastructurefinancing servicesfinancing Social Securityfree lunchfruits of one's laborsland speculationland value created by communityland value taxationlanded gentrylocation, location, locationplaying by the rulespopular ignorance of land economicspopulation growthreaping what others sowthe land questionstime making wrongs into rightsunearned incrementwealth distribution or concentrationwidow's skirts