14297Re:Total land rent?
- Nov 13, 2012--- In LandCafe@yahoogroups.com, "roy_langston" <roy_langston@...> wrote:
>This is a very important point IMO. Lots of govt spending does not return a land value premium. OTOH, there may be private spending that has positive externalities, and that will yield higher rents.
> Only expenditures on desired services and infrastructure, and only to the extent that the spending is efficient: i.e., not wasted through incompetence or stolen through corruption. The HGT is a useful guide to policy and economic analysis, not an empirical fact.<
> See above. While charitable spending does usually go straight through to land rent, even there you can have charities that, e.g., devote most of their revenue to fundraising and executive remuneration, neither of which does anything for land rent.<Like govt. spending, it may not go to rent, but things like executive renumeration etc., will also go to rent again, but it won't increase the aggregate rents.
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