I’ve only heard some things about it second-hand. But you’re right I should probably read more of the literature :)
I’d say it’s mostly about efficient taxing, and that fact that it’s easier to exploit market forces to get an estimate of the actual value of a property than the “unimproved value” of the property.
I’ve only heard some things about it second-hand. But you’re right I should probably read more of the literature :)
I’d say it’s mostly about efficient taxing, and that fact that it’s easier to exploit market forces to get an estimate of the actual value of a property than the “unimproved value” of the property.