That's a strawman. The difference in the taxes paid by a middle class homeowner under standard property tax schemes and LVT is much less than the difference in taxes paid by the parking lot owner. In practice LVT is usually set up so that a typical single family home owner pays about the same amount under either scheme. The person who will pay a significantly higher rate under LVT is the parking lot owner, who has a much less emotional argument for retaining their property, and at the expense of that one rentier the entire community benefits from encouraging more productive use of that land.