Pennsylvania has a few cities that have implemented a partial LVT. Here's[0] a Strong Towns article on the topic. They show exactly what I mentioned earlier - o

Pennsylvania has a few cities that have implemented a partial LVT. Here's[0] a Strong Towns article on the topic. They show exactly what I mentioned earlier - overall taxes are up, most peoples taxes are down. Business is booming. It's not Silicon Valley, but they are doing better than the cities around them that do not have the LVT. The best introductions are Lars excellent book and blog articles[1] over on Scott Alexander's blog. > Nobody would want to own any if the recurring property taxes are that high. But of course it doesn't make property affordable either, if the tax rates are sky high. The tax rates are set by the market, so they are by definition affordable. You are taxed on the land alone, what capital you put on top of it is entirely yours to earn. [0]: https://www.strongtowns.org/journal/2019/3/6/non-glamorous-gains-the-pennsylvania-land-tax-experiment https://www.strongtowns.org/journal/2019/3/6/non-glamorous-g... [1]: https://astralcodexten.substack.com/p/does-georgism-work-is-land-really https://astralcodexten.substack.com/p/does-georgism-work-is-...