Feudal Lords (Commerical landlords) are probably why your local mom and pop store/restaurant went out of business. They are exactly what Adam Smith spoke about.

Commerical landlords provide functionally nothing to the shops except maybe hookups for the plumbing/electricity. Functionally, 99% of the improvements/purchases are made squarely by the entrepreneur.

A few years after the lease has been signed and improvements have been made, the new contract pops up and guess what? Significant increase to rent. Mom and pop shop can't afford such a drastic increase and the lot goes empty.

Happened to my neighborhood and now the "revitalization" plan to bring in new businesses is to subsidize their rent (welfare to landlord) instead of enacting LVT.

Winning!