If site values fall, won’t revenue fall too?
Some locations will drop but others, particularly those in central locations, may infact rise due to the immense productivity gains from our more streamlined taxation system. Whilst the land price would fall to zero, the site rental would takeover as a yearly lease-type arrangement. The actual site revenue base will broaden with a vast increase in the take-up and utilisation of sites. There would be an initial decline in asking prices, which, in a static economy, would result in less revenue, but the point is that under a site rental system, much of the land which is now held out of use for speculative gain would be taken up and put into productive use either as residential land or in commercial or agricultural ventures. This would increase the amount of wealth generated by an unfettered, wealthier workforce. Since the wealth generated by the community would be so much higher than at present, and would largely remain in the hands of those who produced it, the community’s reliance on go
