@vitalik.eth

So... I think it would be good for cities to have some kind of asset and even for that asset to have some governance power, and at the same time to adopt higher land value taxes, which reduces the property-ness of land ownership. The argument is that this creates better incentive alignment with the whole city's success, and land value taxes in particular give government the best incentives to affect what they can change (local public goods, which affect land value), while leaving the full value of anything built on the land in the hands of the local owner, who is the one who can affect that.

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