Comment by armaautomotive

I don't think this assessment is connected with reality. Land on its own isn't valuable, its the labour and investment people put in while on the land that produces taxable value. Just because the land can't leave doesn't mean the value of the land stays. As long as the government spends more than it can collect, simply charging more people to operate will cause regular people to leave. The higher you tax above the laffer optimal you are just destroying value. My opinion.