Paul Krugman Argues for a Vacant Property Tax

Well, he implicitly made the argument. I'm not sure why there is little interest in this idea, except the traditional resistance of intellectuals to new ideas.

Addendum

There are two additional reasons that a vacant property tax is a neat idea. First, we already have a tax assessment on file for properties, so it doesn't require additional work. Second, even if people try to game the system by claiming a vacant property is actually occupied, we still have succeeded in imposing higher costs on...