[dpark]

I don’t understand how this is supposed to work. Land value goes from 1 dollar to 2 dollars because Amazon moves in. Cool, tax revenue goes up 100%, too. This seems no different than a general real estate tax, though. Additionally it seems like this says nothing about whether the rent will go up 100% or 500%.

This feels extremely hand-wavy and borderline wishful thinking. Land value isn’t fully separable from improvements. (My land and improvements are both more valuable when my neighbors improve their properties. My neighbors benefit the same from me. I fail to see why we should be double taxed for the value we create.) Even is separable, it’s not at all clear that landlord profit could be separated this way, because landlords don’t rent out land.