No! We aren't talking about every property ever. Not your backyard, not your car and not your water bottles. Valuable properties. Nobody cares about @d7a8df74a98d or www.fe5461d77vvc.com. We're talking about crumbling buildings near a national monument, or in the technology field, m.com or @N. Domain squatting is awful. Is it genuinely that unintuitive to you?!
And if seizing it is too "communist" for you, then enormous taxes should be close enough to socialism.
You mean Communism?