&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>That isn&#x27;t the actual problem. Its the problem the author imagines.<p>The real problem with land [and property taxes] is the fact it tends to flow into the cost of rent and homeownership. Everyone in this country is impacted, it is just a question of degree. Similarly, the vast majority sees an item in their basket of purchases goes up by $X and gets angry.<p>Case in point: The gasoline tax. The vast majority of economists thinks it should go up to cover infrastructure but there is no political will to do so precisely because of how angry it makes their constituents.<p>People are far less rational than you think they are and if their entire tax burden was shifted into the rent for their house, they&#x27;d flip the fuck out.