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0 pointsbufordsharkley9y ago0 comments

I've thought about something like this-- self-assessment seems very promising.

Two notes:

* If a person's offer is accepted to buy their land, we need to figure out how to agree upon the price of the improvements, too. I could imagine a system of arbitrators being useful here.

* People's natural loss-aversion would be a problem here-- one would expect a person to overstate the worth of their land by 50% or so.

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amazon_not9y ago

I don't think loss aversion would be a big problem, as the owner would not be required to sell. They'd only be required to pay tax on the difference, if higher offers come in.

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