This is terrible. I don't want to loose a priceless family heirloom (grandma's Sheraton-style rocking chair from 1890s) just because someone wants it and can write a check for $1 more than the assessed value. That discounts sentimental value. And if I now have to declare sentimental value and pay taxes on it, I'd rather burn it to the ground (grandma would approve).
A lot of people hate eminent domain too, for that exact reason. I think libertarians want to get rid of it entirely because it's an involuntary transaction.
Not being born to a grandma who could afford a life stable enough to preserve and pass down such a chair is also an involuntary transaction, but libertarians don’t seem to talk about that.
