Wheels of Fortune : Self- Funding Infrastructure And the Free Market for Land Tax
Harrison, Fred; Riley, Don (FRW)
ISBN 10: 0255365896 ISBN 13: 9780255365895
Editore: IEA, 2006
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Codice articolo 5597555-n
Riassunto:
It is often assumed that government intervention is required to bring to fruition large scale infrastructure projects because the large initial capital outlays such projects require must be funded from the public purse. In "Wheels of Fortune", Fred Harrison shows that large scale infrastructure projects can be made self-funding. Infrastructure projects almost always bring about a large increase in the value of adjoining land. For example, it is estimated that the London Underground Jubilee Line extension increased adjoining land values by close to GBP3 billion. When such infrastructure projects are funded by government, they therefore involve a substantial transfer of wealth from a large number of taxpayers to a small number of property owners. Harrison argues that a fairer and more efficient means to fund infrastructure projects is to capture and use the increases in land values that they bring.
Product Description: Book by Fred Harrison
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Titolo: Wheels of Fortune : Self- Funding ...
Casa editrice: IEA
Data di pubblicazione: 2006
Legatura: Brossura
Condizione: New