You've got it exactly backwards. There IS a shortage of parking in big cities. You can't make more streets. Collecting a pile of money in property taxes doesn't

You've got it exactly backwards. There IS a shortage of parking in big cities. You can't make more streets. Collecting a pile of money in property taxes doesn't improve the situation. The point here is to use money as a means to allocate a scarce resource, and to make car drivers pay the fair cost of operating their car. This will re-balance the incentive structure to push people to walk, use public transit, bike, use delivery services, etc. Covering the cost in property tax doesn't allocate the cost to people who drive.