I’m of the opinion that regulatory or legal changes that cause financial harm are just as much of a “taking” as property taken under eminent domain, therefore individuals damaged must be made whole. I realize this is in Australia and so their legal and regulatory regime will likely operate under different realities, but the principal still stands.
‘individuals damaged must be made whole”
by the taxpayers, as the feral gov’t has no money
You could say the government created monopoly of the taxi medallion system was a taking, too. It was just apportioned among all riders in the form of higher fares.