Urban Land, Traffic And Housing Problems; An Attempted Solution. True "land Monopoly" And Its Advantages

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Land in the City is worth on an average say £500,000 an acre, so that the ground required would cost about £12,000,000.
If all the land within 25 miles from the Bank were owned by one Trust (or person) it could give those 25 acres for nothing, without loss to itself as stated HOUSING PROBLEMS 7 above, thus saving London £12,000,000 on that one improvement.
Without loss to itself, you may ask, how can that be ? The explanation is this : the people who previously lived on these 25 acres would sim
...ply move on to another section of the Syndicate's land, where they would pay the same rent as they did before, the only difference being that the Syndicate would get the rent from another section of its property and not from the 25 acres under discussion.
The aggregate rent would not decline.
When all the land a town is built on (say London) is owned by one person or Syndicate there is a true " land monopoly." The Syndicate would not care which part of its estate its revenue was derived from.


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