That removes any benefit of confiscating all land and leasing it out while still... | Hacker News

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some_random 3 months ago | parent | context | favorite | on: The failure of the land value tax

That removes any benefit of confiscating all land and leasing it out while still retaining all the society destroying consequences of this idea. Basically at this point it's just a proposal to confiscate all land and resell it, for fun I guess.

dredmorbius 3 months ago [–]

It prevents land speculation, as bidding leads to higher rents, rather than asset inflation.

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