This kind of government coercion leaves a bad taste in my mouth for 2 reasons. First, it puts private companies in the business of levying “taxes” as they see fit, since they will be raising rates on others to cover their revenue loss. The state politicians get to claim they provided more entitlements without raising taxes…which is an obnoxious form of bullshit they find cute. Second, I’m sure poorer areas will get shafted on service and upgrades in the future since it will make no economic sense to invest more there. And new competitors won’t even service those areas.
All this sounds good, like you’re rooting for the underdog, until you think about how these things play out in real time.