What this has done, it has redistributed the tax burden. From one residence to another, and from residential to non-residential. Like it or not, that's what it's done.

That's one of the benefits of being a permanent resident of Florida,

Every advantage has its tax.

The way it will likely play out is, they'll start with (rebuilding) infrastructure, to non-residential and then residential.

It used to be, if you sold your main residence, you had to either pay tax on the gain or buy another home that cost more than the home you sold. Because the rules have changed, you no longer have to worry about that gain.

the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.