My take becomes a lot more interesting when you consider that only 77 million Americans own land[1] while more than double that number, 158 million, own stocks[

My take becomes a lot more interesting when you consider that only 77 million Americans own land[1] while more than double that number, 158 million, own stocks[2] (and millions more own other elastic liquid assets). Yes, it's a wildly popular and literally ancient meme that land ownership is the path to wealth, but people aren't stupid. When the structure of the economy changes, human behavior follows. Current landowners don't even get screwed over, they just stop accumulating additional wealth from hoarding land. More likely than not, they'll sell that land for roughly whatever it was worth when the tax came into effect to enterprising developers who will buy it and attempt to turn it into something more productive for a profit. After all, land value taxes only apply to the space occupied by the land itself, not any improvements on that land like apartments or offices. Coupled with zoning reforms, we'd see apartment complexes replace single-family housing and train stations replace parking lots as suburban sprawl transformed into walkable paradise. [1] https://ubique.americangeo.org/map-of-the-week/map-of-the-week-mapping-private-vs-public-land-in-the-united-states/ https://ubique.americangeo.org/map-of-the-week/map-of-the-we... [2] https://www.fool.com/research/how-many-americans-own-stock/ https://www.fool.com/research/how-many-americans-own-stock/