bad luck UT, the market is telling you that there infact a more efficient use of that land you are sitting on.
As a country, a higher standard of living is achieved if scarce resources (well located land is scarce, hence its value) are allocated to their most productive use.
There's a reason why we don't see any farms in the inner city !!
Land, Labour, Capital, Enterprise are the ingredients to production.
Maximise the taxes on land, including mineral rents and govt initiated monopolies (like airport parking fees, flight path licenses) and minimise taxes on PRODUCTIVE Labour, PRODUCTIVE Capital and Enterprise.
Yes its that simple.
What would take taxation to the next level is eliminating inflation, by ceasing the exponential creation of M0 - Money in Circulation (RBA increases by 7.2%pa) Inflation is merely govt theft by stealth, all initiated by far right power's.
