I meant to ensure socially efficient usage. Not usage that is efficient from the perspective of a private actor. These are not the same thing in many cases, but in particular, it is the case with land due to inelastic supply
Land value tax is associated with Georgism. I don’t see what the point would be of denying that or trying to avoid association with Georgism
I meant to ensure socially efficient usage. Not usage that is efficient from the perspective of a private actor. These are not the same thing in many cases, but in particular, it is the case with land due to inelastic supply
Land value tax is associated with Georgism. I don’t see what the point would be of denying that or trying to avoid association with Georgism
In both cases, oversight is not contingent on some formalized rule of value transfer.
It is always possible to review the current circumstances, and simply to make a suitable decision.