No, you're simply not hearing my point. I'm saying that the whole apparatus is set up to ensure that current property owners can keep their stuff, and that I have no stake in a fight between The Edge and his fellow 1%ers in Malibu. I would like all of them to not have houses on the beach, and I have no reason to prefer one to the other.
But you're quite right that it's how it's used that matters, and my question is why is that how it's used? The question of how it's used is, in fact, the only question, and how it's used is to preference current property holders (as a class) always, and current property holders (as individuals) almost always.
Of course I understand the political reasons why this is true, that's what I'm talking about.