> That's also why taxing real estate on land value is a very, very bad idea - land values rise exponentially or at the very least far faster than wages If you

> That's also why taxing real estate on land value is a very, very bad idea - land values rise exponentially or at the very least far faster than wages If you tax real estate, owners of real estate will make sure it's not overvalued by encouraging more real estate to be built.