You have a point. A good example is the Additional Buyer's Stamp Duty (ABSD) in Singapore. It's an additional tax on foreigners or Singaporeans who buy multip

You have a point. A good example is the Additional Buyer's Stamp Duty (ABSD) in Singapore. It's an additional tax on foreigners or Singaporeans who buy multiple homes. There is a normal stamp duty when you buy a home, which is 5%. In order to "tamp down" the housing market, the ABSD in Singapore is now 60% for foreigners. Yeah, the tax on a home is 60% of the purchase price. So a $1M home would have a $650,000 tax when you purchase it ($50,000 BSD + $600,000 ABSD). Does that stop rich foreigners from buying multi-million dollar properties as investments? Nope. In fact, one wealthy Chinese guy bought a whole building for $293M and had to pay $60M in ASSD (it was only 20% back then). https://coconuts.co/singapore/news/mystery-chinese-family-drops-s300m-to-buy-entire-orchard-condo-building/ https://coconuts.co/singapore/news/mystery-chinese-family-dr... So the argument that a Georgist land tax will magically fix the "unproductive land" problem is a bit naive.