Land being a liability means that the "owner" will have zero incentive to hoard it. It will mean that owners of low rise property in high demand locations wont be doing everything in their power to inhibit high rise development because theyre sitting on a pot of gold. Theyll be sitting on a pot of taxes instead.
It means any undeveloped land will be developed or sold to somebody who will.
It means slumlords who rent out shit housing will lose money.
We all recognise that this is the appropriate way to deal with electronic spectrum - auctioning off time limited rights. The idea that your great-great-grandfather owned 400-405MHz so you should too is no less ridiculous.
Land being a liability means that the "owner" will have zero incentive to hoard it. It will mean that owners of low rise property in high demand locations wont be doing everything in their power to inhibit high rise development because theyre sitting on a pot of gold. Theyll be sitting on a pot of taxes instead.
It means any undeveloped land will be developed or sold to somebody who will.
It means slumlords who rent out shit housing will lose money.
We all recognise that this is the appropriate way to deal with electronic spectrum - auctioning off time limited rights. The idea that your great-great-grandfather owned 400-405MHz so you should too is no less ridiculous.