Opposition to LVT is quite popular politically because homeowners as well as many renters believe no one should ever be forced out of their house of many years because they cannot pay high property taxes. So when land value soared and increased taxes on homeowners it was an easy problem to solve in California: just cap property taxes with Prop 13!
Problem solved! Homeless problem? Just bus 'em to Texas and Florida. Annober problem solved!
When climate change forces the insurance industry to jack up premiums and cancel policies we hear the exact same lament and Sacramento tries the exact same approach!
Instead of rent control [for landlords] we have premium control!
The difference is that the insurance industry just pulls out of the state and then you have no insurance at all.
So premium control doesn't work as well as rent control politically.
Eventually the state lets insurance companies raise rates.
There will be all kinds of useful political tips for astute land taxers watching how Californians deal with the insurance crisis.
Maybe climate change and soaring land values are one and the same? There is no question they are related. Climate change reduces the value of some land which greatly increases the value of other land, especially in the desert SW where there is no fuel for fires or much hurricane activity.
Just drink a lot of water and take potassium citrate to reduce UT stones.