Genuinely, how &quot;high&quot; do you want this land value tax to be? I currently pay about 1% of the market-valuation of my property per year in &quot;land value tax&quot;, or whatever it&#x27;s called. And that&#x27;s with some sort of &quot;small-property&quot; rebate, so it&#x27;s probably more than that.<p>You make it seem like it&#x27;ll be this panacea for all of the ills relating to property renting and ownership. The market will most likely &quot;absorb&quot; the distortion caused by your proposed tax. What you&#x27;ll then be discouraging is property investment&#x2F;development into areas that don&#x27;t have <i>immediate</i> and&#x2F;or predictable returns that justify the investment for whatever period the capital owner wants. Not only that, but you&#x27;ll make it even more difficult for small&#x2F;medium business to do the same.