Value of land

Big landlords have often been attacked by left-wing politicians, as they are considered to be too wealthy and powerful to make resources and wealth flow across different classes, leading to a reduction in people’s incentives and productivity. Therefore, the wealth and land owned by big landlords should be given away at least partially. In China, individuals do not own private land, all land belongs to the state. Ownership of land could sometimes provide incentives for some people, as they could have goals such as owning some private land after retiring from their hard-working careers. Therefore, giving ownership to individuals is not something that could hurt the society. I also believe that the values of land would become decreasing over time. 

In modern eras, people are able to use land more effectively, as we build sky-high buildings, so we are able to locate more people with the limited land. In addition, the value of the land without natural resources is also dependent of the distances to key locations. However, when the speeds of transport and communication are increasing, the values of location decrease over time. In addition, it is also possible for our human beings to have more land in the future if we can actually conquer the Mars.

As the functions of having land is to collect resources from land, to have living room, to be close to key resources, when the functions are weakened, the values of land will keep dropping. The current housing price rise is still caused by relatively poor technology (in transporting and communication) and the high rate of population growth; when the population growth rate drops and our technologies develop further, land will not be valuable resources any more and the value will eventually drop.