Land value taxation actually solves the mismanagement problem because as the location site-value increases the workers using the land have to pay more. This gives them an economic incentive to use the land more productively in order to afford the higher land rent
The public interest in managing land is not limited to assessing how much revenue is generated from its use, nor necessarily strongly bound to such considerations.
Land value taxation actually solves the mismanagement problem because as the location site-value increases the workers using the land have to pay more. This gives them an economic incentive to use the land more productively in order to afford the higher land rent
The public interest in managing land is not limited to assessing how much revenue is generated from its use, nor necessarily strongly bound to such considerations.