Regarding the debate over borrowing to fund the two trillion baht infrastructure, project, I suggest repaying the loan through property taxes. Any infrastructure project that is economically justifiable will make the surrounding land more attractive, and thereby increase land values more than the cost of the projects. The community only needs to reclaim its money through taxes at a justifiable rate to pay for the infrastructure it provided.
London's Jubilee Line subway route cost the taxpayers 3.5 billion (155.77 billion baht), but increased land values by a conservative estimate of 13 billion.
If the government does not recapture the value created, they give it away to the landowners. As Winston Churchill said: ''Roads are made, streets are made, services are improved, electric light turns night into day, water is brought from reservoirs a hundred miles off in the mountains _ and all the while the landlord sits still. Every one of those improvements is effected by the labour and cost of other people and the taxpayers ... [yet the] value of his land is enhanced.''