I would imagine that if Disneyland were built next door, that might be in the cards regardless of the tax situation...

It's just a reality of life that not every homeowner can possibly be entitled to fully control what gets done with the land around them, and that's going to cause some friction.

It's a difficult job to navigate who gets to decide what, while still enabling necessary development. LVT is just one of the more elegant ways to do this.

I'm not a big LVT fan - pushing for maximally productive use of land is going to result in displacing people, displacing small businesses, displacing artistic/cultural/environmental spaces, etc.

I would much rather see an overall assets tax that scales with the value of the assets. That would incentivize more smaller businesses, long-term thinking, and wealth distribution. It would hit big corporations in the same way a LVT would, forcing them to be more and more productive with their assets the more they have, without pricing out smaller entities.