Tuesday, February 22, 2005

Remember, you don't really own that home

U.S. Supreme Court justices questioned on Tuesday whether a city can take a person's home for a private development project aimed at boosting tax revenues and revitalizing the local economy.

Several justices, addressing an issue that could have ramifications nationwide, expressed reservations about their authority to stop the government of New London, Connecticut, from seizing homes and businesses owned by seven families for a private development project to boost the city's economy.

Under the U.S. Constitution, governments can take private property through their so-called eminent domain powers in exchange for just compensation, but only when it is for public use.

[...]

New London says since the development -- which will complement Pfizer Inc. drug company's new research building -- will create jobs, increase tax revenues and help the long-depressed local economy, it satisfies the Constitution's public-use requirements.

But residents who want to stop the city from razing their homes and businesses say it is not fair.

"Every city has problems, every city would like more tax revenue," said Scott Bullock, the attorney for the families who are suing to keep their land. "But that cannot be justification ... for the use of eminent domain."
  Reuters article

Wreck the economy. Take people's property to recoup the losses. Sounds like a great way to run a country to me.

No comments:

Post a Comment

Comments are moderated. There may be some delay before your comment is published. It all depends on how much time M has in the day. But please comment!