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Kay's avatar

Really interesting article, Tomas. The images were inspiring, as well. And, I appreciate your making it available in both video and written formats as I prefer the latter. Thanks!

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J.K. Lund's avatar

As I have noted before, there is a great deal of merit to creating "new" cities. Free from the baggage of incumbent vested interests, we could put forth the very best policies and experiment with new ones in ways that cannot be done currently. But I would begin any discussion of a new city with tax design and zoning; if we get that right, almost everything will can follow. For starters, we should minimize or abolish taxes on labor/production, focusing instead on taxing economic rents. Land value taxation, or LVT, would be the cornerstone of such an effort, but a distributed profit tax would also work.

From this basis, we could raise revenue needed for basic social programs while preventing rent-seeking from paralyzing the economy and political system down the line.

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