The Economist had a fascinating piece recently about how cities in China, lacking sufficient property taxes, were forced to sell land to developers to finance public works for existing housing. With loose rights to property in China, this would typically take the form of forcing peasants off the land that they were farming. The article noted that recently the peasants had revolted against this practice. Revolting?This weekend brought a series on urban sprawl in Dallas from The Dallas Morning News. It noted how areas on the edge of the Metroplex were exploding at the expense of cities inside the existing Metroplex. It then went on to note that what was driving this expansion was the unwillingness of Texans to pay property tax. This was forcing cities to sell land to developers to finance the public works of existing properties . . .
Anybody else get the feeling this is deja vue all over again?!