"Land value tax can't be passed on to tenants" is often asserted by proponents of the tax, and theoretically this is true in a free market.
Oftentimes, however, the market is regulated.
This complicates things, and LVT-advocates would be wise to take this into account.
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In a free market, as Adam Smith noted, a landlord "acts always as a monopolist, and exacts the greatest rent which can be got for the use of his ground".
Furthermore, the "ground-rent" is unearned economic rent. J.S. Mill said it best: "Landlords grow rich in their sleep".
