The Left has not only tried to favor the rich - it has also tried to diminish the value of private property through the backdoor by means of environmental regulations that restrict one's enjoyment and use of property without just compensation. Both abuses need to be redressed and if the government is forced to pay for the actual value of the property in both situations, a lot less of that will happen. For the reason that its easier for politicians to impose a tax on an individual not in a position to resist their depredation than it for them to impose a tax on the public at large. I believe that protecting private property is the key to stopping socialism cold and a measure of this sort will go a long way towards accomplishing what measures to reduce government growth cannot - hold the government accountable for the costs it imposes on people through its rule-making powers.
(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")