With equities you're helping the economy by keeping your money invested in our companies. We need investors capital to remain competitive and we should incentivze you to stay invested as long as possible.

With land you're continually depriving the local community of the space they need to live and work. Every hour spent commuting past your yard is an hour wasted. You should continually pay for the privilege of exclusive access to an in demand part of the nation.

Or put more simply: land ownership is a form of consumption. Stock ownership is not.

> I'm happy to pay some property tax in the meantime to keep gov't services running in the area.

That's precisely what this is though? Do keep in mind that the for land tax proposals suggest it replace at least a portion of income tax.

> upon me selling that land to someone else. Just like capital gains on equities.

But with your equities investments you don't get any personal gain until you sell. When you hold land, you're benefiting from it the whole time. We're not talking about only the financial benefits from value appreciation, but rather in the main the benefits that you get from society from having the land.