Re:Ask HN: Anyone else feels the commoditization of real est...
by onos on Saturday August 13, 2022 @12:26PM
(#32451339)
Are there any canonical examples / cities you can point us to where this approach is being taken successfully?
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Re:Ask HN: Anyone else feels the commoditization of real est...
by ItsMonkk on Saturday August 13, 2022 @01:21PM
(#32451871)
A full land value tax has never been tried.
Currently the closest example is Singapore[0], but they have much more central control than what a Georgist would find ideal. 99 year leases are far to long, and shorter leases would have much more beneficial effects.
Detroit was an example of a city that massively expanded[1] because of it, but eventually lost it's way.
Harrison, PA[2] is an example of a city that 'recently' used a revenue neutral split-rate system to keep from going bankrupt.
[0]: https://progressandpoverty.substack.com/p/singapore-economic...
[1]: https://www.dollarsandsense.org/archives/2013/0813clevelandg...
[2]: https://www.strongtowns.org/journal/2019/3/6/non-glamorous-g...