The land tax would shift the tax burden more fairly onto the land hoarders and the landowners.
You mentioned business. We want productive businesses. We want people to use their money to increase our standard of living, to have good commerce and to have the free enterprise system work. We unfairly tax businesses, and we discourage business investment. We want to encourage business investment.
Adam Smith was a big supporter of free markets—we all know that—but he meant free of economic rent, free of monopoly and free of extraction of wealth. That's what this tax is designed to do. That was his approach. That's why Milton Friedman was a big fan, and many—