It's been discussed quite a bit, though not lately. I'm a fan, in general. One problem is that it implies a new pattern of location that could disrupt the lives of people. If you rent in an area that should be high- density, LVT would create pressure to turn your home into something that generated higher profits. In other words, it's a machine for urban renewal. The reason is that a zero tax on 'improvements' (buildings, equipment fixed in place) enhances the incentive to maximize improvements where they create maximum after-tax profit. Sort of like an 'enterprise zone.'
mbs Land Value Taxation: The Basics Does anyone have critics of land value taxation ? Charles Brown %%%%%%%%