If the only tax in a jurisdiction is an income tax and you choose to make your money through capital gains, you don't pay tax. If the only tax in a jurisdictio

If the only tax in a jurisdiction is an income tax and you choose to make your money through capital gains, you don't pay tax. If the only tax in a jurisdiction is a land tax and you don't own land, you don't pay tax. This will either be because you ideologically are opposed to paying taxes and you're willing to pay more in foregone profits/opportunity cost, or because there's better more profitable investments elsewhere in the marketplace, in which case land values will grow more slowly till an equilibrium is reached. But since most transacations are tied to land somehow (because the good was imported at the port, transported by trucks that are stored in a truckyard, and sold to you by a person who lives in a house using mobile phones that connect to transmitter towers) so you won't be engaging in some kind of pure untaxed marketplace. It'll probably create a stockmarket bubble though. Best to tax shares as well as land.