[jjav]

> LVT discourages land investment.

You left out the main gist of my sentence:

> nothing but an investment that must be squeezed to it's maximum possible profit at all times

Sounds like that is exactly what LVT is. It becomes unaffordable (due to taxes) to do anything other than squeezing the maximum profit out of every square meter of land.

The result would be every lot in town is built to the same profit-maximization potential and the moment something more profitable comes along everyone is encouraged (due to increasing taxes) to tear all down and build the new thing that squeezes even more profit out of it.

It sounds like a terrible dystopia, I still haven't heard any argument that makes LVT sound like it would lead to building a nice town to live in. The US is already far too concerned about profit above all else to the detriment of mental health, imagine LVT on top of this squeezing maximum profit from land at all times.