Private property in peril
06/27/05
Aside from violating the fundamental law of the Constitution, Kelo subverts the free market's system of voluntary exchange. Prior to Kelo, if Corporation X, for example, desired to purchase a parcel of land to build a hotel, it had to make a satisfactory offer to the owner. If the parties agreed on a price, a voluntary transaction resulted in which both parties felt they benefited. Under Kelo, if the property owner does not agree to Corporation X's terms, then Corporation X has the option of persuading the government to exercise the power of eminent domain. Corporation X need only allege that its proposed hotel will be a more productive use of the property...
http://www.independent.org/newsroom/article.asp?id=1528
from Independent Institute, by William J. Watkins Jr.
Informant: Thomas L. Knapp
Aside from violating the fundamental law of the Constitution, Kelo subverts the free market's system of voluntary exchange. Prior to Kelo, if Corporation X, for example, desired to purchase a parcel of land to build a hotel, it had to make a satisfactory offer to the owner. If the parties agreed on a price, a voluntary transaction resulted in which both parties felt they benefited. Under Kelo, if the property owner does not agree to Corporation X's terms, then Corporation X has the option of persuading the government to exercise the power of eminent domain. Corporation X need only allege that its proposed hotel will be a more productive use of the property...
http://www.independent.org/newsroom/article.asp?id=1528
from Independent Institute, by William J. Watkins Jr.
Informant: Thomas L. Knapp
Starmail - 28. Jun, 11:48
