[chabons]

This doesn't resolve the ongoing incentive to remove the LVT, creating immediate value for the current land-owners.

[scott_w]

This is a pretty weak argument, in my opinion: "we shouldn't do this because powerful people who don't benefit will try to undo it."

[at_compile_time]

It's not an argument not to do it. I'm just pointing out that it isn't enough to make the world a better place, you need to have a plan ready for how to keep it that way or we just get captured again.

[pydry]

What you describe applies to pretty much any tax on any asset.

E.g. "if you tax bitcoin as capital gains that will only create an incentive to remove it because then the value of bitcoin will go up."

[quietbritishjim]

A proper analogy would be a yearly tax on bitcoin sitting idly in your wallet, not a capital gains tax. Land is already subject to capital gains tax.

[rcpt]

Sometimes there's only a single tax allowed. Like in the US the federal government can only tax income unless they change the constitution.

LVT as the single tax would be much harder to repeal.

[vincnetas]

In olden days when chopping of heads was more acceptable, smart people understood that "debt relief" was a way to somehow decrease a chance of loosing they'r heads :)

Now, when technology (military) enables to control the masses more strictly this approach has fallen in popularity.

https://en.wikipedia.org/wiki/History_of_debt_relief