No, there's a big difference. If someone bought a house and gets priced out of the house due to massive increases in value in the neighborhood and overall market, they reap the rewards of selling the house, because they owned the property. I don't believe tax increases should be slowed like they are in California -- that's a big part of the housing problem IMO.
Whereas in an LVT system, a person just gets priced out as the neighborhood increases in value with nothing to show for it, even if they spent money to build or improve the house.
Whereas in an LVT system, a person just gets priced out as the neighborhood increases in value with nothing to show for it, even if they spent money to build or improve the house.