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Noah Smith proposes that separating the sale of land and houses, as practiced in Japan, can simplify land taxation.
Smith points out that this approach not only separates ownership but also creates an environment where implementing a land tax becomes easier.
Smith has previously commented on key drivers of the U.S. economy. He noted that U.S. GDP growth for Q4 2025 was revised down. Data center capital expenditures in AI are now a significant factor, according to Smith.