Comment: It absolutely is

(See in situ)


It absolutely is

since there were no original owners, and the ownership of all land eventually reverts to someone who took it. However the improvements on the land do have ownership since they were created by someone.

To compensate, we should tax rents, at 100% of the value of the undeveloped land.

Read Henry George http://www.let.rug.nl/usa/documents/1876-1900/excerpt-from-h...