That’s pretty interesting. I don’t think it works right now though. A billionaire could buy up all the land in town and kick everyone out, then being the only voter just get rid of the tax after voting himself as the mayor (or just give himself back the tax money he paid).

At a federal level it may be interesting, but that would require scrapping everything and redoing the entire structure of the levels of government, since normally cities have the power to set their own property taxes, not other levels of government.

What I like about land value taxes is that there aren’t any games to play with assessing the value of land incorrectly (too high or too low). Land is addresses value based on its location, not what’s built on it. That means a parking lot in the middle of Manhattan is assessed the same taxes as the office building across the street. This also means people can’t get rich by just buying land and holding it to sell at a later date. Their taxes go up while the land doesn’t produce anything, so they lose money until they sell the land or build on it.