原推:@MayorOfMatic It is, but:
1. The rates are not high enough
2. Assessed values are often waaay lower than market values (prop 13 in California defnitely makes this so)
3. Land tax taxes only land, not value of improvements (incl buildings), which is nicer in a whole bunch of ways
https://twitter.com/VitalikButerin/status/1602435182879014913