there's a finite amount of land and taxing it doesn't reduce the amount of land there is. if you tax services there will be fewer services. if you tax goods there will be less goods.

land is both inelastic and valuable and that is why land tax is perfectly economically efficient and creates no deadweight loss.

the fact that it is also necessary for life and production while being finite is what makes it a moral imperative to redistribute land rents to the proper owners (i.e. society and not an individual, who pays society for the right to a local monopoly over a piece of land).

for me lvt is not about building condos, in some areas it will incentivise that, in other it wont. it's a fundamental moral and philosophical issue on par with slavery; it's about transitioning away from a feudal model and towards a freer market and more participatory and empowering society.

for the true believer lvt must replace other taxes, and in theory all taxes come out of rent, so abolition of sales or income tax will increase lvt even more, in a virtuous cycle.

the appropriate amount to tax land is as close to 100% as you can get.