Essentially, a Land Value Tax is a property levy with exemptions for development.
So let's say you buy a house, not because you are a speculator, but because you want a home. You live there for 50 years, raise your family there, and are enjoying your retirement. Someone over that time period, your property happens to become more valuable, as say a city expands.
Then along come some carpetbagger in a shiny suit and says, your home is not a "productive" use of this land, and he's going to tax you more than your pension is worth if you want to stay there, you should make room for his new development of "executive apartments" or whatever. No normal person would think that is just or right.
So let's say you buy a house, not because you are a speculator, but because you want a home. You live there for 50 years, raise your family there, and are enjoying your retirement. Someone over that time period, your property happens to become more valuable, as say a city expands.
Then along come some carpetbagger in a shiny suit and says, your home is not a "productive" use of this land, and he's going to tax you more than your pension is worth if you want to stay there, you should make room for his new development of "executive apartments" or whatever. No normal person would think that is just or right.