The takings issue is why I believe that rather than invoking eminent domain, the CA government should institute a Uniform Water Use Tax, whose aim is to establish a single price for any use of water (charged per gallon/acre foot) in the state. The cost of acquiring the water used can then be claimed as a credit against the Uniform Water Use Tax.
This respects water rights while aligning incentives to conserve water and as a bonus establishes a more even playing field in the agricultural sector, enhancing competition and reducing the unjust profits of the Resnicks' shady water empire.
This respects water rights while aligning incentives to conserve water and as a bonus establishes a more even playing field in the agricultural sector, enhancing competition and reducing the unjust profits of the Resnicks' shady water empire.