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by teach 1060 days ago
Land Value Tax would fix this!
1 comments

We already have a land value tax. It's called "Property Tax"
Property tax is not land value tax. Property tax is a tax on both the improvements and the base value of the land.

Land value taxes are only taxes on the value of the land.

A land value tax would tax a giant residential building and the parking lot adjacent to it the same, which encourages maximizing the value of the lot rather than leaving it for parking.