>Examples like these ignore that the reason the land around them is vaulable is by virtue of the people living there making it a better and more prosperous place.
You are ignoring that the new arrivals increase the land value of existing residents. You are ignoring that the government uses income taxes etc to invest into the community, not private land owners, effectively punishing the government and renters for good investments as their income taxes improve the value of the land which then results in them paying more rent. Doing the right thing ends up making a lot of people poorer and land owners richer. So now your government is heavily encouraged to do corrupt projects that benefit the politicians rather than the public. Lots of public transportation projects could pay for themselves through an LVT but without an LVT they drain the renter's and governments pockets.
Honestly, the idea that when a town grows from 10k to 100k that it's only the 10k original residents that create the value and those other 90k are just useless deadweights living off the hard work of older residents is ridiculous when land ownership is just about fencing off something that was already there. When you think about it, the real deadweight is someone demanding to get paid for something they didn't create. It is the community as a whole that makes land valuable, not the owners of the land.
You are ignoring that the new arrivals increase the land value of existing residents. You are ignoring that the government uses income taxes etc to invest into the community, not private land owners, effectively punishing the government and renters for good investments as their income taxes improve the value of the land which then results in them paying more rent. Doing the right thing ends up making a lot of people poorer and land owners richer. So now your government is heavily encouraged to do corrupt projects that benefit the politicians rather than the public. Lots of public transportation projects could pay for themselves through an LVT but without an LVT they drain the renter's and governments pockets.
Honestly, the idea that when a town grows from 10k to 100k that it's only the 10k original residents that create the value and those other 90k are just useless deadweights living off the hard work of older residents is ridiculous when land ownership is just about fencing off something that was already there. When you think about it, the real deadweight is someone demanding to get paid for something they didn't create. It is the community as a whole that makes land valuable, not the owners of the land.