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Parking spaces as something which are rented, the smallest unit of land commonly used; analogy to Henry George's land tax. "Between 5 and 8 percent of urban land is devoted to curb parking."
(Edit for math error below)
Quoting George directly: "The tax upon land values is, therefore, the most just and equal of all taxes. It falls only upon those who receive from society a peculiar and valuable benefit, and upon them in proportion to the benefit they receive. It is the taking by the community, for the use of the community, of that value which is the creation of the community. It is the application of the common property to common uses."
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(Edit for math error below)
Quoting George directly: "The tax upon land values is, therefore, the most just and equal of all taxes. It falls only upon those who receive from society a peculiar and valuable benefit, and upon them in proportion to the benefit they receive. It is the taking by the community, for the use of the community, of that value which is the creation of the community. It is the application of the common property to common uses."
( Read more... )
