Wednesday 20 January 2010

Land should not be sold for all time

An economic disincentive against owning an excess of rentable property would be provided by making the ownership of all property similar to a rental contract. We should not be able to own something for all time, everything should be a leasehold. Once it has been occupied, at the end of the lease it should be sold into the market again and the proceeds distributed to the Government and those with insufficient land. The Government should auction land for temporary periods in this way, only.

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