No, I don’t concede that. Even for an empty lot, the guy who owns it presumably owns it for a reason. Like buildings, it’s plausible that this reason 1) cannot just easily transfer to a new piece of land, and 2) is not reduced in value so much by the garbage dump that building the garbage dump isn’t worth it.
Also, if he sells it, someone else can build a building on it, thus increasing the taxes he has to pay on the remaining portion. And if he builds a garbage dump, it discourages other people from building nearby and raising his taxes; selling doesn’t do that.
No, I don’t concede that. Even for an empty lot, the guy who owns it presumably owns it for a reason. Like buildings, it’s plausible that this reason 1) cannot just easily transfer to a new piece of land, and 2) is not reduced in value so much by the garbage dump that building the garbage dump isn’t worth it.
Also, if he sells it, someone else can build a building on it, thus increasing the taxes he has to pay on the remaining portion. And if he builds a garbage dump, it discourages other people from building nearby and raising his taxes; selling doesn’t do that.