> What makes you think most land is owned through birthright? Any stats to back that up? I would assume most land was purchased. Purchased from whom? I would i

> What makes you think most land is owned through birthright? Any stats to back that up? I would assume most land was purchased. Purchased from whom? I would imagine a lot of land in the most desirable locations (cities etc) are owned by private individuals or family trusts/companies, so they have been/will be inherited (even if the owners change in between). And if it's owned by a corporation, I guess the same logic could apply. > And if you levy a big tax on property, be prepared for the value of that property to drop dramatically. Money flows freely from one asset to another. If land becomes unattractive, those dollars will just go elsewhere. Yeah, that's kind of the point. Land used for investment is the purest form of unproductive rent-seeking.