Rising land values don't produce taller buildings when landowners don't feel the pain of rising land values (see: Prop 13). A very efficient tax is the land va

Rising land values don't produce taller buildings when landowners don't feel the pain of rising land values (see: Prop 13). A very efficient tax is the land value tax: by untaxing the improvements on land and taxing the land values more heavily, you incentivize efficiency.