Henry George was alive during a time when the amount of currency the government could create was constrained by the size of its gold reserves. These days, the

Henry George was alive during a time when the amount of currency the government could create was constrained by the size of its gold reserves. These days, the amount of money the government is able to spend has very little to do with the size of their tax revenues. You can certainly tax landowners, but you should only do so if you want to punish people for owning land. The money you collect is meaningless. As has been mentioned by me and others in other comments, basic income will push down real estate prices all on its own.