12
Jul
2005

Property rights yield to corporate welfare

07/07/05

Americans can wave goodbye to constitutional property rights protections, after the U.S. Supreme Court ruled 5-to-4 that a Connecticut city could condemn the homes of its residents to give the land to a pharmaceutical manufacturer. The city claims the business will generate more tax revenue than the average citizens who currently own the property. What would we do without government elites to set our priorities straight?

http://www.cei.org/gencon/019,04672.cfm

from Competitive Enterprise Institute, by Hans Bader


Informant: Thomas L. Knapp
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