The most obvious argument for me is that I don't even think that developing land as much as possible should be a desired outcome. I'd rather have some billionaire sitting on a huge plot of wilderness than turn it into another shopping center.
So in a perverse sort of way you basically get what you want, wide swaths of low/no development wilderness, but it's paid for by the everyman not the billionares.
"They paved paradise
And put up a parking lot"
I'd rather not have a billionaire sitting on a huge plot of land. If we as a society want that wilderness to be preserved, it should be a state park or national park, that should be relinquished to our government.