You don’t tax land based on how much revenue it generates, you tax it based on its value.
Those aren’t even close to similar things, which makes your example completely useless since that’s not how any of this works.
The goal is for the land owner to not make any profit off the land going up in value over time. They can still make money other ways (like running a company)
It’s the appreciation that needs to go away, otherwise all you have is the current pyramid scheme.
You don’t tax land based on how much revenue it generates, you tax it based on its value.
Those aren’t even close to similar things, which makes your example completely useless since that’s not how any of this works.
The goal is for the land owner to not make any profit off the land going up in value over time. They can still make money other ways (like running a company)
It’s the appreciation that needs to go away, otherwise all you have is the current pyramid scheme.