I think this can be resolved by working in terms of packages of property (in this case, uninterrupted ownership of the land), where the value can be greater than the sum of its parts. If someone takes a day of ownership, they have to be willing to pay in excess of the difference between “uninterrupted ownership for 5 years” and “ownership for the first 3 years and 2 days”, which could be a lot. Certainly this is a bit of a change from Harberger taxes / needs to allow people to put valuations on extended periods.
It also doesn’t really resolve Gwern’s case below, where the value to an actor of some property might be less than the amount of value they have custody over via that property.
I think this can be resolved by working in terms of packages of property (in this case, uninterrupted ownership of the land), where the value can be greater than the sum of its parts. If someone takes a day of ownership, they have to be willing to pay in excess of the difference between “uninterrupted ownership for 5 years” and “ownership for the first 3 years and 2 days”, which could be a lot. Certainly this is a bit of a change from Harberger taxes / needs to allow people to put valuations on extended periods.
It also doesn’t really resolve Gwern’s case below, where the value to an actor of some property might be less than the amount of value they have custody over via that property.
I don’t think those are separate things? The value of a roof is the value of everything underneath it when it rains.