Episode four of the Works in Progress podcast is about the surprising impact of land policy
Regarding the MTA’s financing model, wouldn’t a land value tax accomplish the same goal of making productive infrastructure self financing through increased rents?
Only if it goes to the right person. But in principle, yes. And indeed property taxes are widely used around the world for this goal.
Regarding the MTA’s financing model, wouldn’t a land value tax accomplish the same goal of making productive infrastructure self financing through increased rents?
Only if it goes to the right person. But in principle, yes. And indeed property taxes are widely used around the world for this goal.