Solving the ‘Affordable Housing’ Problem with Land Value Taxes

Appears on the Robert Schalkenbach Foundation’s blog. Here’s a snippet.

Land value taxation should, in theory, raise total wages and greatly increase the housing supply; but people should be mobile too, even including nonresidents who come in to elbow out poorer ones for the benefits the system provides. In Minneapolis where I live, we have seen significant growth in high-end housing in recent years but very little for the poor.

So what can a local government do to ensure that land value taxes help the people who need help the most, rather than high-income newcomers?

Read more here.

Disclosure: I sit on the foundation’s board.

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