LAND TAXES: POPULAR BUT RARE

THE ECONOMIST

http://www.economist.com/blogs/economist-explains/2014/11/economist-explains-0

LVTs would impose concentrated costs on today’s landowners, who face a new tax bill and a reduced sale price. The benefit, by contrast, is spread equally over today’s population and future generations. This problem is unlikely to be overcome. Economists will continue to advocate LVTs, and politicians will continue to ignore them.