Well, one system taxes land value and improvement and the other taxes only land value. In the first system, all improvements have a tax cost of x * value(improv

Well, one system taxes land value and improvement and the other taxes only land value. In the first system, all improvements have a tax cost of x * value(improvement). In the second system, they have a tax cost of 0. There's three possible outcomes: this increases improvements, this keeps them the same, and this decreases improvements. It depends on whether you think moving one cost component from positive to zero puts us in the first, the second, or the third worlds there. I just tried it out and ChatGPT helps if you want to understand this. It is quite patient and will provide instant responses.