First, I don't care if LTV is technically regressive, I care if political opponents of LTV can claim it is, and they can. Second, I actually included meaningfu

First, I don't care if LTV is technically regressive, I care if political opponents of LTV can claim it is, and they can. Second, I actually included meaningful comparisons. My hedge fund gets taxed the same per sqft as the coffee shop in the same building (probably less, because the storefront property is more valuable, a 56th floor coffeeshop doesn't get the same foot traffic as the street level one, my hedge fund works equally well whatever floor it's on). Also, I'd put my back office operation in SC, which is great for me and SC, but looks a lot like me dodging my fair share. This might be economically efficient but it's not politically efficient. Googles datacentres are in the same industrial zones as those factories. Google's offices are right next to malls and cinemas who would get billion-dollar tax bills if Google were to be taxed "fairly".