This is an introductory slide show explanation of land’s role in the business cycle.
Wise Words"I think in principle it's a good idea to tax unimproved land, and particularly capital gains (windfalls) on it. Theory says we should try to tax items with zero or low elasticity, and those include sites."-James Tobin (1981 Nobel Prize winner)
From Earthsharing.org[...]Tue, May 19, 2015