Pretty depressing reading.

[Edit] I had the archive link as a comment but this has gained enough traction that it’s not obvious. Here it is again so you don’t have to give FT any clicks https://archive.is/ypkln

  • frazorth@feddit.ukOPEnglish
    1·
    4 months ago

    It is unfortunate that the building companies make more money by not building, than by building.

    We need a progressive land/council tax. Hording land should cost you.

    My favourite suggestion should be that tax levels are based upon a heat map of urban density, but also linked to area owned. It was a suggestion that came out of the US because they have problems with land hording in urban areas, spaces that are just a car park to act as a holding for land.

    It would mean that ownership of inner city, undeveloped land and also owning large estates is penalised.

    • Espiritdescali@futurology.todayEnglish
      1·
      4 months ago

      I’m in favour of a Land Value Tax, this means hoarding land becomes expensive. It also means grouse moores and golf courses become expensive (good things in my mind)