The buildings on this site in the middle of Brighton were knocked down about 20 years ago. Consent for office development was quickly given but nothing happened. The owners have re-applied for consent a couple of times and got it, but still nothing has happened.
With the developing recession, the owners will hang on and wait for the recovery. In the meantime, people have to look at an eyesore,
This is just one of the reasons why land value taxation is required.
If a properly designed system was in place, the site would have been developed long ago.
I got involved in a discussion with a Youtuber called “Philosophy all along”. This was in connection with criticism of Trump’s policy of deporting illegal migrants, which he argued would be bad for the economy as it would reduce demand. This implies that there is a need to import people to sustain demand. There is no obvious reason why a population should not be able to consume everything that the same population produces. If it can not, then something else is going on. It is a basic principle that wages are the least that workers will accept to do a job. Wages are a share of the value added by workers through their wages. The remainder is distributed as economic rent, after government has taken its cut in taxes. Monopoly profit is a temporary surplus that after a delay gets absorbed into economic rent. Land values in Silicon Valley are an example of this; it's like a gold rush. The miners get little out of it. Rent and tax syphon purchasing power away from those who produce the g...
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