Some arguments against a land value tax (2024)
To many people, the land value tax (LVT) has earned the reputation of being the "perfect tax." In theory, it achieves a rare trifecta: generating government revenue without causing deadweight loss, incentivizing the productive development of land by discouraging unproductive speculation, and disproportionately taxing the wealthy, who tend to own the most valuable land. That said, I personally think the land value tax is overrated. While I'm not entirely against it—and I think that several of th