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A comment on G7: Rich nations back deal to tax multinationals. Parent comment
Not especially. The skyscraper land is probably 10000x more valuable per square foot so the tax will be 100x higher.
If you assume every square foot is taxed the same then you've kind of missed the point of a land value tax.
It won't fix the inherent problems with intellectual property though.
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Not especially. The skyscraper land is probably 10000x more valuable per square foot so the tax will be 100x higher.
If you assume every square foot is taxed the same then you've kind of missed the point of a land value tax.
It won't fix the inherent problems with intellectual property though.