You're right, Land Value Tax (LVT) would be much better, as other European cities use. It's hard to off-shore property in a tax haven too. It's one of those p

You're right, Land Value Tax (LVT) would be much better, as other European cities use. It's hard to off-shore property in a tax haven too. It's one of those policies that is popular with virtually everyone right until the moment they get into power and meet the wealthy landowners/donors.