A better way to solve the housing crisis — tax land, not development

“Housing becomes less affordable when we don’t build it, not when we do. Most important, it is not developers who benefit from our housing crisis but everyone who owns property. Yes, some deep-pocketed developers have profited handsomely in our overheated market. But so have landlords, who with limited competition have charged ever-higher rents. So have… Continue reading A better way to solve the housing crisis — tax land, not development

The problem with profits

“The excess cash generated domestically by American firms beyond their investment budgets is running at $800 billion a year, or 4% of GDP. The tax system encourages them to park foreign profits abroad.” – The problem with profits