>I am not sure I understand. The property tax in the US is the tax on land + additions, both subjects to appraised value, so yes, the rates listed do include bo

>I am not sure I understand. The property tax in the US is the tax on land + additions, both subjects to appraised value, so yes, the rates listed do include both. Land tax is a tax on a value of unimproved land only [0] >How would this be sustainable for farmers or ranchers? If they have to radically increase their prices to account for new 30% land value tax, does the society benefit or lose? Why would it change anything? The land prices would just fall so that the net result would be neutral for average farmer. >He provided liquidity to the market when somebody was willing to sell that piece of land Land tax increases liquidity drastically by making it much more expensive to hoard it. >and then you're back to square one - low tax revenues collected from land owners. It's not back to square one - it's a situation in which people with more productive use of land can get it much more cheaply. Think of a situation in which a prime residential city land costs one average annual wage. >People do invest in gold and silver. People do many weird things. https://images.angelpub.com/2014/17/24245/returns-on-stocks-bonds-gold.gif https://images.angelpub.com/2014/17/24245/returns-on-stocks-... [0] http://en.wikipedia.org/wiki/Land_value_tax http://en.wikipedia.org/wiki/Land_value_tax