"So what are the goals of land value tax advocates? So proponents of land value taxes want to encourage more efficient land use patterns, land that uses that fully leverage the existing public infrastructure. So if you've got a vacant lot in the city and it's just sitting there undeveloped, it's still taking advantage of the utilities that have been brought to the property, the roads that run by the property, and all of the infrastructure is effectively being wasted. The epitome of a use case would be, say, the city of Minneapolis, and you're looking at East Lake Street, which was bombed out during the civil disturbances in the wake of George Floyd's murder. It's now pockmarked with burnt-out properties all along it. So the city could establish a land value taxation district along Lake Street and the properties, such that the vacant properties, what we've seen is land speculators swooping down to buy out burnt-out buildings, and they'll just sit on those properties indefinitely and the neighborhood starts coming back and they feel they can realize a profit on the sale of that property. But in the meantime, those properties that are just sitting there, they're actually retarding the redevelopment of the neighborhood. By imposing a land value tax district along this stretch, all of the businesses that have reinvested in their properties and helping actually rejuvenate the neighborhood would see lower taxes, whereas the speculators who are sitting on the burnt-out properties that are lying vacant would see their taxes go up significantly to make it financially impractical for them to sit on the land and not redevelop it."