[frozenport]

This will make land ownership harder, which is a regressive measure and will further income inequality. Land and home-ownership represent significant steps towards generational wealth, because when you are paying off a mortgage you own the home while in the case of a lease you own nothing.

Literally, this you are advocating economic policy from the Ancien Régime.

[aninhumer]

It also makes it hard for existing landowners to own land, so they're more inclined to sell it, lowering the prices for everyone.

Also, even if you rent, your landlord is paying the tax, so they'll pass the cost on to you anyway.