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by dbspin 529 days ago
I think the principle is solid though. Tax should effectively be 100% of the market value of the property after a certain point though - say one year.
1 comments

If you want to do that, you have to first pass a federal Constitutional amendment repealing the 5th Amendment (well, just the part requiring just compensation for takings), or reverse the existing jurisprudence on regulatory takings. And while the current Supreme Court is unusually willing to toss precedent, its ideological alignment is more on the side that would read the takings clause restrictions more expansively, so you're back to an amendment.