LVT is the optimal tax (no deadweight loss). Property tax has issues because it taxes improvements, but we probably want improvements. Both of them are very un

LVT is the optimal tax (no deadweight loss). Property tax has issues because it taxes improvements, but we probably want improvements. Both of them are very unpopular with the people who have to pay them, because they force you to find productivity increases and you might be a retiree. Or just a landlord who refuses to develop an empty lot in the middle of a city.