We all need to live somewhere bruh, you're not special. If you pick a piece of land that no-one else wants, you'll be paying zero or very close to it. But if you want your "first and only house" in the middle of Manhattan, either you pay a fair tax to compensate the rest of us for the valuable land you're taking out of public circulation, or you let someone else have their go.
That implies a size-based exemption, not a value-based one. And that kind of thing is how you get loopholes that the super-rich exploit. Keeping the tax system simple is the only way to do it. Tax all land in proportion to its value, no exceptions.
> The solution is never to tax working people even more just because they want to have a home.
Part of the point of the idea is to (eventually) move away from taxes on working. It's not like having a home is being treated as a special case, and nor should it be. Again: if you're taking the land out of public use, you pay your fair share of tax, in proportion to the value of the land you're monopolising. Keeping the rules simple ultimately benefits the working poor far more than trying to create special case carve outs.
What about all of the billionaires buying ridiculous properties in Manhattan as havens for their ill-gotten gains? If they aren't the problem, who is?
> The solution is never to tax working people even more just because they want to have a home.
Ok, so it's not the rich and it's not the working people. Who is the problem?
right but if this is my only piece of land where I live on, I am "the people". I need to live somewhere, I have no choice. It's like asking a prisoner to pay weekly tax for the cell he lives on: He has no choice, he has to live in some cell. Instead tax it intelligently so that I'm exempt for my first and only house on a moderately sized piece of land.