“some hold that the reasoning is that since the king owns everything, we’re only able to use the land and resources as oer his directives. This would make [dinas dimalchusa] not apply nowadays”
Well, the way things are going in D.C., if you just wait a while, the “King” (aka “the government”) will soon own everything again so dinas demalchusa will again be the rule. See the House Democratic Ways and Means Committee Tax proposal released evev shabbos