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In other news from New York | 74 comments (74 topical, editorial, 0 hidden)
Re: Surprise, surprise (4.00 / 2)
Now if taxes were levied on the land owner, rather than the occupier, there wouldn't be the same problem, I suspect.

If the foreclosing banks refused, or were unable to pay, then the Cities could simply take the properties into public ownership and use them for affordable housing.

Unfortunately, land rental values are taxed in very few places.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Mar 12th, 2008 at 07:29:40 AM EST
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In other news from New York | 74 comments (74 topical, 0 editorial, 0 hidden)
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