I don't want you to have to leave your land or be forced to sell it. But you should be paying taxes based on the actual value of it. Not on what it was 30 years ago when someone built it. California's proposition 13 is hiding actual values of many wealthy people's homes from the tax man; being able to transfer them without triggering new valuations used in taxes is a key problem.
Of course I would be forced to sell it because the taxes would be too high. That's the whole point. Because of tax policy I would be forced to sell the land that I want to keep and sell later for appreciation value.
Sometimes we forget that this is a capitalist free market country. I'm free to do what I want with my own land and my own capital.
Sometimes it is not optimal, but if you take that part away, what incentive do people have to do business anymore?
> I would be forced to sell the land that I want to keep and sell later for appreciation value.
This is the literal point of the LVT: to make it more expensive to hold land unused for speculative purposes, and thus incentivize doing something productive with it instead.
