For a fixed resource like land to be allocated to its highest valued use a good social plan is needed. it should be allocated to those who will pay…

For a fixed resource like land to be allocated to its highest valued use

a good social plan is needed.

it should be allocated to those who will pay the most.

it should be taxed at 100 percent of its rental value.

it should be offered to those who promise to put it to its best use.

 
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