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A comment on Land value tax in online games and virtual worlds. Parent comment

Re:Land value tax in online games and virtual worlds by kaibee on Friday June 14, 2024 @12:59AM (#40677602)
> We still have huge amounts of extremely cheap land that could be made desirable with enough hard work. You can still buy a crazy amount of land in parts of the country for like $50k.

Land is made desirable mostly from what productive use it has. ie: being near jobs. There's not really any hard work any one individual can do to make some random plot of land in Kansas more valuable than its current market price.

> participate in local government to help protect the value of that land.

This is a nice euphemism for blocking new construction and restricting housing supply.

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Re:Land value tax in online games and virtual worlds by kjkjadksj on Friday June 14, 2024 @01:37AM (#40677818)
Not only being near jobs but being developable at all. There are lots in the hollywood hills that go for $40k. Why that low for such prime land you might ask? I’d assume you’d find out the reason fast as soon as the current owner unloads their lemon onto you for a mere $40k.
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