It privileges long time titleholders over newcomers, in addition to the basic problem of land speculation being exacerbated, allowing random titleholders to cap

It privileges long time titleholders over newcomers, in addition to the basic problem of land speculation being exacerbated, allowing random titleholders to capture even more of the gains of surrounding economic development that they, in their role as titleholder, played no necessary role in. In fact, by effectively being a tollbooth operator upon the prerequisites for economic development they are an active hindrance. Land titles are necessary, but it is not necessary that they keep the land rent, only the improvement values that they are responsible for.