you could counter some of this by having society assess and assign certain land value based on factors you mention. E.g. green-belt land should have an extremely high rent if you want it to remain green-belt. If you want to avoid sprawl, assign a function that raises rents as a function of distance to the nearest urban centre.<p>The biggest problem I see with it is not so much that it can&#x27;t be made into a workable way of allocating land - it might even be good at that. But that it <i>only</i> catches value changes to the land, and we&#x27;re going through a period where e.g. in IT the value creation is less and less dependent on land and more and more fluid.