alt Hacker NewsYes. A high land value tax prevents the capture of unearned wealth by owners of land without introducing market inefficiencies or price distortions.
The current arrangement demonstrably does not work for society in place, and as AI (whether in this wave of innovation or the next) increases productivity further, it will work less and less by virtue of further increasing land rents, thereby pricing out larger and larger swaths of society from a place to live, work, or otherwise exist.
Huh? Last time I checked, municipalities big and small fight for every bit of investments they can get and they typically get it by offering a swath of incentives at the cost of the actual taxpayer. That high value land ends up being tax free for the actually wealthy while a schmuck like me get his bill increased and argues with otherwise well-meaning people that akshually high taxes are good for me.