The Georgist ideal is problematic because it exalts &quot;land&quot; as being this special component of the general welfare over another factor of production. Yet, <i>all</i> production of capital goods and consumer goods must start from nature-given resources (thus land) mixed with labor. A land value tax would then be a penalty on the entire time structure of production.<p>I&#x27;d wager a government levying an LVT would negate its benefits since such an undertaking would give it sufficient velocity to expand its actions and thus be able to collude with the private sector in all the other, more damaging I&#x27;d think, forms of rent-seeking.<p>The progressive income tax has become a failure due to the wealth elasticity of demand being higher amongst those with more assets (thus being least sensitive to it), along with them finding it easier to avoid it. I don&#x27;t see an LVT as faring much better.