83. Land value taxes and Toronto's housing crisis

Ms. Brown is a community organizer and mayoral candidate for the City of Toronto. She received her bachelor’s from Ryerson University in public administration and governance, and her master's from Humber College in human resource management and administrative services. Chloe has spent her life advocating for change within her community. Her campaign focuses on issues of inequality, land use, and quality of life. Many of her solutions revolve around an equitable use of land or progressive taxation that would distribute benefits to the working class. When listening to this talk, think about land ownership and all the different benefits of it. If you are a renter or someone who just likes to move around a lot in this age of digital nomads, what are the economic or political benefits you miss out on? Ms. Brown looks to solve this problem by removing the mutual exclusivity of land ownership and rights. I encourage you to think about how expanding liberty to those without ownership of land could diffuse power, and how that would create different economic outcomes.  This week we discussed how Toronto can improve housing, why relying on real estate developers can lead to unaffordable housing, and how taxation can be used to incentivize equitable development.  To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/