Already in 1990, a group of economists, including multiple Nobel Laureates, wrote that while the technical issues obstructing land value taxation need to be addressed, “none of them present any insoluble problems”.

“The attached Appendix provides a brief technical discussion of issues of the duration of rights to use land, the transfer of land, the assessment of land, social protection against the abuse and subsequent abandonment of run-down property, and redistribution among localities to adjust for differences in natural per capita endowments. While these issues need to be addressed, none of them present any insoluble problems.”

theoretical