&gt;The author hints at the political problem of adopting a land tax near the end: But there are practical problems with a land tax — perhaps the largest of which is that by its very nature it hits the well-connected rich hardest. So we may very well never see this regulation brought up or passed given the current, money-greased machinations of the political machine.<p>You know, neoliberal corruption of government isn&#x27;t Written in Stone by the Three Fates.  We can actually fight it, especially when there&#x27;s $2 trillion at stake.<p>&gt;[1] Perhaps this paper assumes that there is an infinite supply of highly-skilled tech workers who have taken jobs elsewhere due to high costs of rent? Seems a bit far-fetched to me.<p>I don&#x27;t know about <i>infinite</i>, but I sure as hell know that I personally choose not to live in the Bay Area, despite its having loads of tech opportunities and the nicest climate on the planet, because of its high housing costs and suburban sprawl.