See the other reply for the Georgist critique of land ownership. >Taxing landowners as if they control their own zoning would distort incentives in bizarre way

See the other reply for the Georgist critique of land ownership. >Taxing landowners as if they control their own zoning would distort incentives in bizarre ways. They are already bearing the costs of not being able to fully develop their property. (A negative tax might make more sense!?) I think you will find the majority of people who vote in municipal elections are home owners. The policy would cause zoning restrictions to increase their tax bill. Very quickly, I think we would find zoning laws would change. The real reason this policy is naive is it would be very difficult to actually get an accurate estimate of the counterfactual price.