Update: OK, this was failed in the comments where it has been court-tested and shot down. It does beg the question though: why is MERS continually allowed to skirt property sales tax. The current law has been court-tested and thrown out. It doesn't mean the law cannot be changed to apply to MERS transactions. This is one of the rare opportunities for a State, City, or Municipality to tax Wall Street. The diary was a fail, but the idea (I think) is valid.
Original Diary:
Or a big chunk of it, and this is not snark. All it requires is the full application of an existing law: 1966 PA 134: