Housing : Reducing and stabilizing House prices

The proposed effective wealth tax and proposed MRCM (Mineral Royalty for Commons and Military) Gazette Notification will stop hoarding of the land and thus bring down the land prices. If price of land falls, then housing price and thus house rents will fall, which will improve quality of the lives of us commons. Many of us commons who live in slums will be able to move to say 1BHK flats. And if price of land falls, number of businesses will rise (since as real estate cost drops, it becomes easy for craftsmen to start their business), and we commons will have far more jobs and better salaries.

Please see more details of proposed MRCM and Effective Wealth tax in chapter 5, 25, 3linelaw.wordpress.com