You solve this easily by assessing value and buying the land rights for a period of time - say 7 years. So basically you lock down the price in an auction once

You solve this easily by assessing value and buying the land rights for a period of time - say 7 years. So basically you lock down the price in an auction once every 7 years giving you enough predictability and time to justify your investment. This is how these groups operate in present day already 1. businesses renting space in cities - they lock down rent for say 10 years 2. individual apartment renters - price is usually locked down for 1 year 3. domain name system - you lock down piece of land in "string space" for a year 4. electromagnetic spectrum auctions (LTE, 5g spectrum bands for telephone companies) every several years usually when new technology is deployed 5. technology patents locked down for 20 years 6. Government LAND to LANDOWNERS - locked down once, with expiration time at infinity and passable down through generations It helps to see what Georgists actually want to achieve with LVT - proper auction mechanism for something everybody needs and there is scarcity of it - land. For political reasons they attack it from the position of tax, not from the position of an auction. Which makes it a bit convoluted and confusing unfortunately.