I just had a conversation with an angry “geolibertarian”. This Physiocrat inspired approach to libertarianism apparently supports a special land-value tax, or a tax on land that is held and not developed. The general argument is that undeveloped land should be developed as soon as possible without people sitting on vacant land as an investment. Of course, like all tax arguments, this completely misses the point, is based on bad assumptions, and is immoral theft. Calling it “libertarian” is completely backwards.