Where I live in the UK you pay a council tax as the resident of a home, instead of a property tax on the value of the property. It's an itemized tax like you de

Where I live in the UK you pay a council tax as the resident of a home, instead of a property tax on the value of the property. It's an itemized tax like you describe. Do you want to know why? Because rich people owned huge swaths of land and wanted to sit on it forever without any pressure to sell. Land is a finite resource and we should absolutely make ownership of it subject to tax.