I agree it is about seeing a return on your investment, but we have to at least accept that land (which was probably heavily developed) in Manhattan is worth a lot more than a wooded acre in say Utah.
How much they pay in taxes depends on how their wealth and income is structured. But I do like that concept, as mentioned, provided you can claim it as your primary residence without living on it. I would pay a million to be exempt from taxes for my entire life, but an older person might decide they won't have a tax bill that large so why bother.
I think that maybe would work, but it would depend on each project on it's own. It still
becomes a costly proposition to open a resort of say 1,000 acres when you have to front a billion dollars just to buy the land. To make up for such a tax bill, you would have to be setting record profits for decades in a row, which is quite a gamble.
Thinking outside the box is a good thing, and obviously we have a debt problem in our country. That said however, I think it would still make little economic sense in most scenarios for business to really thrive in such a scenario...your best bet would be with people, and then it becomes a political nightmare and spun as paying off the rich or something like that.
