> Land is not cheap to repurpose. The Georgism dream that land can be optimally used is a farce. There is significant costs to repurposing land - to make those costs worth it because of the taxes would heavily distort current society, and I think the assumption that this would be desirable compared to the status quo is unproven.

Your friction is real - and already exists.

So the bar for improvement is not no friction.

The bar is less friction, and higher productive use of land, which benefits everyone. Lowering the costs of both housing and business space, while increasing economic output.

That is was economic alignment does, it doesn't just improve one thing, or improve on a one-time or fixed percentage basis.

And less passive, underutilizing, economically-parasitic investments from the rich. (Rich passive investment in land, uses land like Bitcoin for its deflationary nature, which compounds land prices while suppressing its full productive use.

Not raises. Compounds. The more the rich passively invest in land, the more profitable land becomes to passively invest in.