This largely comes down to "land" ownership. Water rights are real property like owning a piece of land, and just as with a vacant lot in a city in the midst o

This largely comes down to "land" ownership. Water rights are real property like owning a piece of land, and just as with a vacant lot in a city in the midst of a severe housing shortage, the land owner pays no cost for hoarding a very valuable resource that many other people could make far far better use of. Natural resources, when "owned" in this way, should also have very high taxes associated with them so that they are not squandered and instead used much more efficiently.