If I'm paying tax on a piece of land, it has to provide something of value to me. My house is on a small chunk of land, and the land is the "yard", so that's easy. A second, larger piece away from the house would be a drain on the pocket, so I'd either consider that an expense to have a spot for walking or hunting, or I'd be looking to have it pay for itself.
I'm sure you could sell day passes to the land... then the lawyers can get involved with liability insurance (in case someone gets injured using your "product", etc, etc). Complicated.
But as Shawn and others say - it depends on the money. I can't spend thousands of dollars a year on land taxes, it costs too much. I'd have to recoup it, somehow. Either year-by-year, or sit on it as an investment until it can be developed.
Edit: Most destruction is in fact greed, but at the most basic level, it's government greed. A prime piece of real-estate can be purchased and developed, and that's personal greed, but even a moose-swamp costs some poor person every year to the Province. Unless its crown land, in which case, the Gov't is sitting on it until a lucrative deal comes along.