I get what you're saying in theory. But in practice, that's essentially no different than the simple fee system most places have today, with the exception of fo

I get what you're saying in theory. But in practice, that's essentially no different than the simple fee system most places have today, with the exception of forcing land to be re-sold at some set interval. (Unless you're advocating for a method of distribution / allocation other than highest bidder.) What most people consider ownership is really just leasing from the state via yearly property tax values. What you're suggesting would only increase property values further. It's a similar mechanism that fuels "gentrification."