Land value tax isn't property tax. Despite my use of the word "expropriation", what George specifically suggested was that people would be able to own land, they just wouldn't benefit any from improvements in land value because of the land value tax. So you would have to improve property and do something with it to benefit from it.

You get that in absence of building codes. Right now in many major cities people don't or can't own land, can't build rigid favelas due to building codes, and instead end up living in tent favelas on the sidewalk or sleep in their car. That's not a great end stage for a city, either, but that's the status quo in our investment driven real estate market.