In theory, if it's implemented as a true land-value tax (only taxing the value of the raw land, not the improvements/buildings), that doesn't happen. But, yeah

In theory, if it's implemented as a true land-value tax (only taxing the value of the raw land, not the improvements/buildings), that doesn't happen. But, yeah, somebody with a stronger economics background (than my undergrad degree, which I've never used professionally) would have to do some calculations on whether preventing mass corporate ownership via taxation would be a net positive for the market as a whole. I tend to suspect it would be positive.