Re:MIT graduate student says income inequality is actually a...
by TheOtherHobbes on Thursday November 19, 2015 @09:41PM
(#10599264)
You can see this happening in London, which is in the middle of a useless government-supported property bubble.
Areas with prestige developments of > £20M houses and apartments are being left almost empty - because they're an investment, not a home.
What you're describing would essentially be a land and property tax. The idea is so shocking that proponents of both - like Henry George - literally tend to be written out of economic history.
Areas with prestige developments of > £20M houses and apartments are being left almost empty - because they're an investment, not a home.
What you're describing would essentially be a land and property tax. The idea is so shocking that proponents of both - like Henry George - literally tend to be written out of economic history.