While I love this in general. It should also be mentioned that there are systematic falures in how land valuation works in the US currently. While in general taxing land value makes much more sense, with a proper system of land value valuation this is still far from optimal.
There is a real question on how utilities and services should be paid for. There are places where water is really cheap to provide and then subburbs that require multible expensive pump stations yet they pay the same amount for water.
This incurages building in the wrong places and a land value tax by itself does not fix these things.
In addition the city also needs to strongly evaluate how it uses its land, specially things like on street parking.
Check out some of the work by Urban3 on land value, tax income and so on. Thy have fantastic visualisation that have changed my view on some things.
So yeah, land value tax, go for it, much better system. It allignes insentives better, but there are many otjer distorting effects. Its one piece of a much larger puzzle in terms of how to make great cities with great urbanism.
There is a real question on how utilities and services should be paid for. There are places where water is really cheap to provide and then subburbs that require multible expensive pump stations yet they pay the same amount for water.
This incurages building in the wrong places and a land value tax by itself does not fix these things.
In addition the city also needs to strongly evaluate how it uses its land, specially things like on street parking.
Check out some of the work by Urban3 on land value, tax income and so on. Thy have fantastic visualisation that have changed my view on some things.
So yeah, land value tax, go for it, much better system. It allignes insentives better, but there are many otjer distorting effects. Its one piece of a much larger puzzle in terms of how to make great cities with great urbanism.