Why do you think land taxes would be ruinous? The only single family home owners who would see major tax increases are those in markets like the Bay Area - many

Why do you think land taxes would be ruinous? The only single family home owners who would see major tax increases are those in markets like the Bay Area - many of whom are already paying well below what they would nearly anywhere else in the country due to their legislatively capped house value. I also find the morality argument interesting, as land has some unique attributes as an economic good that one could use to make very convincing arguments for the immorality of land ownership itself.