The state is bankrupt now. It's no longer interested in protecting private property. It's been in theft mode since the plandemic.
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Yup.
States ALWAYS do this under internal stress, cannibalizing their tax base to fund immediate needs.
"Against The Grain: a deep history of the earliest States" goes into this in some detail
https://libgen.li/edition.php?id=137875874
(Warning: "piracy" site)