You're missing an extremely important detail. When we write a check for our rent, we're really paying two rents. One is for the land rent (for the actual land b

You're missing an extremely important detail. When we write a check for our rent, we're really paying two rents. One is for the land rent (for the actual land beneath the building), the other is for our section of the building on top of that land. In most developed areas, the land rent is really the vast majority of the cost. I.e. In a city, you can buy a building, tear it down, and somehow you haven't destroyed most of the capital you just purchased. Under Lore's "Equitism" (fancy name for Georgism/Geoism), the land rent is recaptured by the thing that actually produced the increasing value - everything around the plot of land.