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Wealth and Want | |||||||
... because democracy alone is not enough to produce widely shared prosperity. | |||||||
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Land
that shouldn't be built on
A lot of land that shouldn't be built on is being used because the more choice land is being held off the market, unused or underused. Owners are speculating on it, or underusing it, forcing others onto slippery hillsides, riverbanks, etc. Generally it is poor people who live on the land that shouldn't be built on, but sometimes it is the wealthiest members of our society, as in the case of barrier islands and hurricane-prone beaches. Our wetlands need to be kept as wetlands, and not privatized as the object of land speculation or development which benefits the few and endangers many more. If we fix the perverse incentives which cause good land to be underused and force some of us onto land that shouldn't be used, we will remove the distortions that cause many of our serious problems, including sprawl and poverty and the huge range of problems they cause. Mason Gaffney: Economics in Support of Environmentalism Looking for Mr.
Goodbar
Here is how we get urban sprawl with leapfrogging. Remember the last time you moved and went househunting? You saw some mouthwatering homes, but they were not for sale. You had to find motivated sellers, and pick from what they offered. It's the same with builders. They scour the exurbs seeking motivated sellers. Ideally the most motivated sellers would line up by distance from the existing city, but the market is not ideal. Each seller is moved by his personal circumstances, not the geographical location. Potential builders are little concerned with the social costs they might impose, so long as others are to bear them. Thus, they sometimes settle for and build
Mason Gaffney: Canada's System of Revenue Sharing
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