Land value tax would see the govt effectively own the land and you own the right to build on it (and to capture the gains made by the building). They keep the value they create, but they pay for the location which has it&#x27;s value added to by society and the state.<p>This is where the distinction is. Most people think their &quot;house&quot; is worth $2MM - no it&#x27;s the land, the wood and bricks are easily replaced.