I don't understand all consequences yet, except one, that the wealthy and powerful object to it because it hurts them and so the Land Value Tax is rarely introduced. Even if it gets introduced, it will abolished soon thereafter.
Yes! He was a very clear thinker. Refreshing when you find someone who manages to see things as they are, right in front of you the whole time, independent of the numbing filter of unexamined cultural momentum.
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> the wealthy and powerful object to it
The poor, whose property to land ratio is high (even if they individually own very little in absolute terms), subsidize the rich whose property to land ratio is low (even if in absolute terms they own more). And it compounds, because this makes land, like Bitcoin, a place to park money and reap the rewards of other people's growing population demand for something limited, and other people's investment in development. So housing for anyone but the rich becomes more and more of a financial challenge. And market warping mechanisms are tried, like rent freezes, etc. But somehow, simply taxing the precious limited resource (land) more, and dropping the tax on developing useful property on land, which is what is required to increase housing, rarely gets tried. And as you say, quickly gets reversed when it happens.
So many ways the poor, middle class, and not so rich, pay the taxes of the very rich.
And the very rich do a very good job of framing things, so the want-to-be rich believe they need to keep things that way -- to their own, and everyone else's, detriment.
I don't understand all consequences yet, except one, that the wealthy and powerful object to it because it hurts them and so the Land Value Tax is rarely introduced. Even if it gets introduced, it will abolished soon thereafter.