A public works project can increase land values and thus increase LVT revenues. Arguably, public improvements should be paid for by the landowners who benefit from them. Thus, LVT captures the land value of socially created wealth, allowing a reduction in tax on privately created (non-land) wealth.
a public works project can increase land values and thus increase lvt revenues arguably public improvements should be paid for by the landowners who benefit from them thus lvt captures the land value of socially created wealth allowing a reduction in tax on privately created (non-land) wealth