This is very hard to do in practice. Bezos could spin up a thousand new companies within days and use them to buy property.
Plus we shouldn't restrict ownership when that ownership is put to productive use. Buy up thousands of acres for for a ranch or to build factories is fine. Buying up land just to sit on it is bad for society, and that's a problem that LVT addresses.
Well yeah, but you actually need cattle and have them graze there, or build factories, employ people and produce stuff there, so if bezos buys a plot of buildable land, he would get a 5 years (or whatever) time limit, to actually build and produce something there, or be forced to sell. If someone just buys land, and hodls it, without actually producing anything there, a 100% tax rate would solve a lot of problems.
Plus we shouldn't restrict ownership when that ownership is put to productive use. Buy up thousands of acres for for a ranch or to build factories is fine. Buying up land just to sit on it is bad for society, and that's a problem that LVT addresses.
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