Land values vary from place to place, but I can't think significant pockets of middle class housing in developed countries where the value of the underlying lan

Land values vary from place to place, but I can't think significant pockets of middle class housing in developed countries where the value of the underlying land is as insignificant to the homeowners' net worth as natural resources are to Facebook's market cap. If we plug in something approaching real data, the UK government statistics agency assesses that the UK has £6tr in land value (more than the value of the assets that sit on it!) of which two thirds is owned by householders. And there's an annual government budget of 1tr so those land value taxes are going to be a really high proportion of the total value of the land (and property that sits on it). Good luck convincing the average homeowner who takes 30 years to pay for their home from their salary and typically retires not long afterwards that the tax incidence of a Single Tax will be favourable to them