Geektastic:
No insurmountable reason such a system would not work here that I can think of.
I would add regulating building material prices to that list. NZs pay $4 per m of 4x2 timber, while in the US, they only pay $1 per m. There are many companies making a killing in NZ, and many seem to be owned by offshore parent companies, which only makes NZ a poorer country as a result.



