Socialized housing tax
The 1987 Constitution explicitly espouses the view that the use of property bears a social function and that all economic agents shall contribute to the common good. The Supreme Court has already recognized this in the case of Social Justice Society (SJS), et al. v. Hon. Atienza, Jr. Property has not only an individual function, insofar as it has to provide for the needs of the owner, but also a social function insofar as it has to provide for the needs of the other members of society. The principle is this: Police power proceeds from the principle that every holder of property, however absolute and unqualified may be his title, holds it under the implied liability that his use of it shall not be injurious to the equal enjoyment of others having an equal right to the enjoyment of their property, nor injurious to the right of the community. Rights of property, like all other social and conventional rights, are subject to reasonable limitations in their enjoyment as shall preven...