> the Georgian land-value taxation system Japan implements, meaning almost everywhere the land on which the building sits is 10-1000x more valuable than any building could be
How does that work out, wasn’t the point of Georgian land value tax to reduce land value?
Yeah, that seems like opposite of Georgism. You don't have to look very far to find examples of land being worth much more than what's built on it, that's the case in much of the US.
I'm not saying that it's the case for most land, I'm just saying that the land that people live and work it's not uncommon. Over 80% of Americans live in urban areas.
How does that work out, wasn’t the point of Georgian land value tax to reduce land value?