[Article] The Road to a Society in Which Sweat Is Respected Instead of a “Real Estate Republic” / Jeon Gang Su

The Quarterly Changbi 192, Summer 2021

 

Abstract

Economist Jeon Gang Su discusses from various angles the issue of real estate, from its history and reality to solutions to its problems. A fundamental way to eradicate speculation in real estate, the greatest cause of asset inequality, which even threatens the long-term duration of our country, is a measure to block unearned income, which causes real-estate speculation. Proposing a new form of possession tax that minimizes tax resistance, he presents a policy, whose philosophy stands out by establishing a public concept of the land that does not exclude the market.