[emmateapot]

Simply put, Land value tax is a tax on the unimproved value of land. It also can be thought of as _location_ value tax. Property tax typically includes both land value tax and the value of the improvements to the land - buildings, etc.

While they may sound similar, land value tax and property tax lead to vastly different outcomes.

Check out this Strong Towns video for an explanation about both taxes and how they differ: https://www.youtube.com/watch?v=ok2uR3btMrE

[djbebs]

The problem with such a tax is the same problem all other taxes and businesses that do not properly align their incentives have.

Ultimately the ones paying are not the ones making the decisions.

I'm all for a land area tax, but such a tax must necessarily come with political reforms to ensure the proceeds of said tax are used in the manner that the payer of the tax decides.

In other words, people don't vote, land does.

[jml7c5]

Ceding political and budgetary power to wealthier portion of citizens does not seem like a good way to maintain a healthy society. Even the poor deserve a say in how they will be governed, and where collected taxes will go.