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Interesting Read, but I'm not quite sure how this would relate to Australia. There's no taxation on buildings as it currently stands (at least for Residential property in WA), with the possible exception of council rates which is either calculated on Gross Rental Value or Unimproved Lot Value...

b) will work, while there's more land to be released, but it is a short term fix at best. Without the decline in population the overall trend is still for more people with the same amount of land. Land value will increase eventually. I think you may have forgotten some words from point c...

You bump into the strangest people in the strangest places.... MoooOOOoooo @ Lev ;) (private Joke) Anyway Unfortnately Relative scarcity of land is not going to be changed by any taxation policy, except perhaps to tax children. Land is a fixed asset. The population is growing. The acreage...