basically a mild version of Lenin's "the main issue of revolution is the issue of land". Was very popular at the time.
This is arguing for increased taxation of idle assets. Society writ large benefits. Think about the people who can't think of starting a company now because it's too expensive to live here in Silicon Valley. Never mind the teachers and nurses and firefighters who are needed to make for a well-rounded society.
A major point of "Das Kapital" is the extraction of value by property owners due to mere fact of being an owner of that property when somebody else's use of the said property produces the said value. Lenin in the phrase i cited states his view that land is the main domain where conflict of interests between such rent-seeking owners and efficient users of the land leads to and must be addressed by revolution.
State ownership of land, by the virtue of outright elimination of rentiers and making everybody a renter from state, is obviously the ultimate approach to whatever issues are [perceived to be] stemming from such rent-seeking. LVT is a mild version of that approach as it doesn't eliminates rentiers, it just makes them into renters of their land from state - "economic rent of land" :
Invoking Lenin doesn't really serve any purpose in this debate, it's just one rung above pointing your finger and shrieking about "communism" and "preserving judeo-christian civilization."
you're basically citing Das Kapital :)