There's a non-zero component of luck, as with any investment. But other classes of investments typically lead to knock-on effects that improve prosperity for o

There's a non-zero component of luck, as with any investment. But other classes of investments typically lead to knock-on effects that improve prosperity for others. Its unclear to me how making even an informed bet on a piece of planet Earth and extracting economic value from it for generations is good for anyone but yourself. As such - land should have special treatment from a tax regime if the authority is acting for the well being of all its constituents.