Public Transport stacks up if you tax the land that benefits.

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available)

+ many

That point about Tokyo is important – if you are going to build a mass transit extract the cost from the benefit accruing to property along the route – no benefit no profit.

Deriving a base and some sort of formula to determine the benefit subject to taxation would not be too difficult.

That would be a very effective form of cost benefit risk sharing.

You build a dud project no harvesting of rents for you!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s