Western Europe: Hungry for Land


In their drive to win Britain's upcoming elections, the Laborites have heavily stressed the fact that rising land prices are making it increasingly difficult for the average Briton to buy or build his own home. To dampen widespread land speculation, Italy's left-leaning government is pushing for a law that would permit cities to expropriate land in rapidly expanding urban areas. In France, where Parisian land has jumped 70% in value in five years, an unfathomable maze of tax law has been passed to discourage profiteers. All over Europe, inflation on top of prosperity...

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