Why don’t you finish off, instead of simply showing the problem graphically, you IMF guys? Wouldn’t greater public land value capture lead to lower land prices and greater economic stability? Wasn’t it gross property speculation got us here?
In other words, capture economic rents instead of taxes to get things working again – as advocated by the Henry Tax Review – instead of letting the world continue to stultify and suffer like this.
It’s simple, so get to it, IMF! Don’t be drones!