You can definitely find household named economists that don't agree with Land Value Taxes. Hell there's a grassroots push in the US to eliminate property taxes.
I do like Georgism, but taxing wealth and not a transaction is just going to transfer wealth from poor to government. Similarly how capital gains tax has 0 effect on billionaires and just rip off investors (aka the poorest).
> Similarly how capital gains tax has 0 effect on billionaires and just rip off investors (aka the poorest).
Capital gains tax has zero effect on billionaires precisely because it is not levied on them in most cases. When one's total wealth hits high tens of millions suddenly they get access to instruments to use their wealth without triggering "taxable events". Probably the most well-known example are loans against shares.
This eliminates [some of] downward pressure on some asset prices, triggering positive feedback loop on price and thus wealth transfer.
Taxing land is taxing unrealized gains, hence it would tax billionaires. In addition, land value tax rates don’t have to be flat, so the poor have no reason to pay them.
If anything, taxing transactions hits the poor, as they don’t have the ability to borrow against assets they don’t have, and all their work (which is a transaction) is taxed.