Question.
How do we compensate for that lost revenue?

By limiting the amount of land a corporation can own, you increase competition. The Franchise system would have to be changed somewhat, since many corporation use them to expand their reach.

Example, McDonalds, Wendys, Arby, would be pretty limited in their reach, thus allowing for local burger joints a chance to exist. Same with grocery chains limiting them would allow more mom and pop type stores, more competition, less price fixing by the big outlets.

Lost revenue from individual ownership of land would more than be made up for in competition, more individual choice. Also the land a corporation owns should still be taxed.

I have watched the number of choices available for shopping decrease throughout my life, it is time to pull the reins in on just how far a reach corporation have.