Sounds like you haven’t heard much if the theory behind LVT. For example one way it aligns incentives is pressuring land to be put to more productive use. Aka

Sounds like you haven’t heard much if the theory behind LVT. For example one way it aligns incentives is pressuring land to be put to more productive use. Aka if someone can’t afford the taxes they might have to sell it to someone who can and likely that second entity will build more units on the land which utilizes the land more efficiently. Not in every instance perhaps but enough to matter. Its a way of forcing communally central land to be put to good use and for the profitability to feed back into the community.