What if your only relationship with land is that you rent an apartment, but from that apartment you build a $10M/year revenue social network? How should that be taxed? Should it at all?
I'm not sure strict Georgeist policies hold up in a world where so much value is created digitally. It creates the perverse incentive to focus only on digital value creation rather than physical, and that's how you end up with a fragile or lopsided economy based solely on financialization (U.K.) or advertising (U.S.A.).