Is this being framed as a bad thing? I thought land tax was the arrow to pierce excessive landholders where it hurts. If the tax is too high, you give up the land rather than horde it like Smaug.
What a land tax needs is a preventative measure to stop landholders passing on the bill to the people they lord over. Then land tax good! Maybe it needs a threshold; some land ok, too much land BAD!
Or is this the ABC just being the shadow of their former self? Anyone got any details of the minutiae of this one?