A school finance expert and an education law scholar make the case for why reparations should be paid to African Americans by changing the way schools are funded.
New York City’s municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
The conventional case for swapping stamp duty for land tax will boost the economy has weak underpinnings.
Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.