> pay a tax proportional to the value of the title.
Would you also agree then, that holding onto shares of a company would also require you to pay a proportion of the value of those shares in tax? In other words, this is a wealth tax?
What I agree with is of little consequence, because I'm not proposing this form of taxation[1]. But, interpreting LVT proponents, I believe they would say no, it's not a wealth tax, it's very specifically a land tax. I believe the point is to replace (all?) other forms of taxation.
[1] although I'm optimistic about it and might become a proponent in the future if it seems like an effective policy.
Would you also agree then, that holding onto shares of a company would also require you to pay a proportion of the value of those shares in tax? In other words, this is a wealth tax?