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Re:How housing became the world’s biggest asset class by chongli on Thursday January 23, 2020 @06:56AM (#22126811)
No, it wouldn’t. A proper land value tax is based on the unimproved value of the land. Farms are almost exclusively built in areas that have much lower land values than cities.

Farming would already be discouraged if farmers could build skyscrapers over their fields and collect the rents from those buildings. Since nobody wants to live in a skyscraper in the country, this never happens.

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