> The question then becomes do you pay the value to the landlord, or do you pay it to the community? This is the precise point, and thank you for elucidating i

> The question then becomes do you pay the value to the landlord, or do you pay it to the community? This is the precise point, and thank you for elucidating it. With an LVT, the value of a highly-desirable piece of land inures to the community as a whole, and not whoever holds the title to that land. If the landowner wishes to come out ahead of this taxation, they are forced to improve it, whether in the form of tilling the soil, mining the minerals, or (most relevantly to our discussion) building a house or apartments on it. As a side effect, it prevents the absurdities you see in many North American cities where there's a huge surface parking lot smack dab in the middle of a dense downtown area.