A land value tax works well, by removing the gains from land appreciation. This taxes the land value but not the property value, so the land owner captures the

A land value tax works well, by removing the gains from land appreciation. This taxes the land value but not the property value, so the land owner captures the value of their improvement but not the value of rising land prices generally. If you think about a land owner in SF, they didn't really do anything to earn the value of the appreciation of their land. They might have improved their house but the land value went up because of the tech boom. In such a scenario, at the state level, you would also reduce or eliminate other taxes like the income tax and sales tax. Supported by such diverse economists as Paul Krugman, Milton Friedman, and Joseph Stiglitz. Good overview here: https://www.economist.com/free-exchange/2015/04/01/why-henry-george-had-a-point https://www.economist.com/free-exchange/2015/04/01/why-henry... and https://americanaffairsjournal.org/2018/02/henry-georges-land-value-tax-idea-whose-time-come/ https://americanaffairsjournal.org/2018/02/henry-georges-lan...