You don't own the land so much as you own the right to use it under strict provisions.
http://www.thecanadianencyclopedia.com/en/article/property-l...
Harris County, Texas is a fair example of a "country" (1,777 sq miles, population 4.7 million) that has no zoning laws. They don't shoot each other any more than any other US city and it's a place where verbal contracts are still binding.
Rights do not derive from law. Owning slaves used to be legal, but that didn't give slaveholders the right to own humans.
>Good luck "sharing the land" peacefully with 8 billion people.
It's straightforward enough. Tax the value of the unimproved land at 100%. Use the proceeds to build roads, treat the sick, dole out welfare, pay pensions, etc. and all the other stuff our governments already do that they apparently don't have enough money for.
All that is required is a tweak to property law that wrests control over a natural resource.
This would eliminate hoarding and share this huge wealth which is not created, but is captured by the ultrawealthy.