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To: LS
Land sales DO NOT run out, because in theory as (government) land becomes more scarce, price goes up.

Incorrect analysis.
Price remains stable with the real estate market in general as government land sales must compete with private land sales. In fact, release of large tracts of government land into the market may actually depress local, private real estate values under certain conditions.

64 posted on 07/26/2002 6:54:27 PM PDT by Willie Green
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To: Willie Green
That didn't seem to bother Jefferson. The government should sell land---that should be a major form of income. A flat tax is the next preferale form. A tariff is the worst.
65 posted on 07/27/2002 6:33:14 AM PDT by LS
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