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>Land value taxes provide a much greater incentive to improve the land than property taxes since property taxes will be based on the land value plus the improvements. By not improving the land, you save money with property taxes. With Georgism, you pay the same taxes whether the land is improved or not.

Environment wise, isn't that an incentive to build every last square meter?

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In places where the land is expensive, yes. But that's also largely where the people are, so it's helpful to build there too. You don't end up with a giant surface parking lot, because you get taxed the same whether you have a parking lot, or a 5-story parking structure.

> Environment wise, isn't that an incentive to build every last square meter?

In places where land values are very high, yes. Presumably leading to denser cities and less suburban sprawl, which would be a nice benefit for the environment.

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