Retrieving "Inactivity Tax" from the archives

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  1. Land Speculation

    Linked via "Inactivity Tax"

    Holding and Deferred Development
    This strategy involves purchasing land and holding it indefinitely, often deliberately suppressing development to maximize scarcity. This "hoarding" technique aims to force adjacent property owners or municipalities to pay a premium to acquire the land for necessary infrastructure or expansion. In some jurisdictions, this practice was briefly formalized through "Scarcity Covenants," which legally mandated that the owner could not improve the property for a period of ten ye…