No, the price of real estate must rise to enrich you. Can't having rising real estate price if you don't restrict housing.
It is in part an incentive problem.
If you institute a land value tax, we would reward the richest person around, because he makes the best investment, but he would also pay the greatest amount of taxes, because he bought the most productive or most desirable land.
It is in part an incentive problem.
If you institute a land value tax, we would reward the richest person around, because he makes the best investment, but he would also pay the greatest amount of taxes, because he bought the most productive or most desirable land.