Coping with Resource Challenges
|October 17, 2012||Posted by Jeffery J. Smith under The Geonomist Blog, Views|
The academics so enamored with Singapore (and for good reason) were still so American that they could not see their subject clearly — they missed the land.
A big reason that the city prospers (it’s prosperous cities that can afford the programs the authors admire — as do we) is because Singapore taxes its land, and not at a low rate. Paying this overhead periodically, landowners forgo speculation and use land efficiently, and do not comprise a force against reform but a large middle class for reform. Another overlooked fact is that Singapore succeeds so well that it can and does pay its citizens a dividend.
But Americans, growing up in a culture that worships land speculation, can not even see any policy or custom that runs counter to the speculator’s creed, even well-meaning Americans can’t. But we at this site are changing all that — with your help.