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by pydry 1658 days ago
This isn't at all different to what happens today when a restaurant has its rent jacked up and it has to move.

The only difference is that instead of an individual landlord getting disgustingly rich out of dispossessing restaurants, the whole community gets a pile of cash.

The rich will be much more upset that they are exposed to the same market forces that the rest of us are than they will benefit from being able to dispossess others by offering to pay higher taxes.

The rich also wouldn't be nearly as rich if land stopped being an asset that could be capitalized. LVT would slash wealth inequality precisely because land is such a large component of wealth.