I think this is actually the problem with Georgism. The world has plenty of dirt. Locations are in short supply. Georgism taxes away the gain from the creation of Locations, which is an important economic activity. For example, most of London's suburbia was created by the building of the metropolitan railways around 100-150 years ago. Places that were too far from London to be useful suddenly became Locations, and the railway companies made back the money they spent to build the railways by selling these new Locations for home building (now known as Metroland).
Although we don't have LVT in the UK, it interesting that we have another restriction on the creation of Locations: Planning laws in the UK are extremely hard and expensive to navigate and get permission to build pretty much anything, so the creation of new Locations is pretty much impossible. And that doesn't seem to be a good thing.
Although we don't have LVT in the UK, it interesting that we have another restriction on the creation of Locations: Planning laws in the UK are extremely hard and expensive to navigate and get permission to build pretty much anything, so the creation of new Locations is pretty much impossible. And that doesn't seem to be a good thing.