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This line of reasoning never made sense to me. If the value of the land is going up enough to make an impact on the month to month financials then it makes sense to dip into the equity of the property. Presumably the overall equity still goes up? Beneficiaries still inherit more in fiat terms? What’s the issue here?

Also datacenters are absolutely not going to be built on ultra desirable land, why would the developer ruin the land value that way?

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Land is worthless under 100% LVT. Your land value going up just means you owe the government more in rent every year, since the government owns all the land rents. The only real solution to this problem is prop 13 I think which georgists hate. Nationwide prop 13(only on homes) + LVT is still probably better than the current system though imo, although it creates a huge incentive to never move

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