I wonder if a motivation for this post has to do with Georgist-style land value tax. Turning these land leases into securities will create a market with market prices for the land leases, making it easier to assess the value of, and tax, the land.
There’s the issue of differing value of different plots of land. Land isn’t fungible, but if large enough swaths of land are similar enough to be grouped up, then it could work.
Hey datscilly, thanks for your two comments. I could very well believe that the ACX-hosted Book Review and later research had tinged my thoughts on this. I still need to understand more of the Land Value Tax to see how something like that could be integrated into this idea.
I think the majority of BLM land could probably be bundled under a similar swath. Alternately, large chunks of land in Russia, Canada, Alaska, South America, etc. could maybe benefit from a similar program. Like I said above, the land has been classically unattractive, but remote work, global internet, a drive out of some cities, and whatever interest this program would generate could lead to the land being seen as much more attractive in the coming decades.
I wonder if a motivation for this post has to do with Georgist-style land value tax. Turning these land leases into securities will create a market with market prices for the land leases, making it easier to assess the value of, and tax, the land.
There’s the issue of differing value of different plots of land. Land isn’t fungible, but if large enough swaths of land are similar enough to be grouped up, then it could work.
Hey datscilly, thanks for your two comments. I could very well believe that the ACX-hosted Book Review and later research had tinged my thoughts on this. I still need to understand more of the Land Value Tax to see how something like that could be integrated into this idea.
I think the majority of BLM land could probably be bundled under a similar swath. Alternately, large chunks of land in Russia, Canada, Alaska, South America, etc. could maybe benefit from a similar program. Like I said above, the land has been classically unattractive, but remote work, global internet, a drive out of some cities, and whatever interest this program would generate could lead to the land being seen as much more attractive in the coming decades.