Assessing the “unimproved value” of land is likely non-trivial and politically fraught.
I think that’s fair. It seems like existing forms of taxation are worse in that respect though.
And the rate of taxation will be under pressure to rise (especially since most recipients are not landowners).
That’s also true of existing mechanisms of taxation and wealth redistribution.
More importantly, the amount of money that governments want to collect pretty much requires a diverse set of mechanisms and payers—there’s no way to collect enough taxes from any one source.
I think that’s fair. It seems like existing forms of taxation are worse in that respect though.
That’s also true of existing mechanisms of taxation and wealth redistribution.
Agreed.