> The author never made the case that a property owner is SUPPOSED to pay for the cost of the street, so I'm not even motivated to figure out whether the analysis is correct or not.
It's worth reading up on Joseph Stiglitz's work in the 1970s that demonstrated how government spending in public goods is transformed exactly into land rents under many conditions.[0]
It's worth reading up on Joseph Stiglitz's work in the 1970s that demonstrated how government spending in public goods is transformed exactly into land rents under many conditions.[0]
[0] https://en.wikipedia.org/wiki/Henry_George_theorem