Thursday, June 23, 2005

This is a sad day for private property owner, free market and capitalism in general because of the 5-4 ruling by the US Supreme Court in the case of Kelo vs. New London involving the issue of eminent domain. The fact that justice David Souter was appointed by the first president Bush reminds us once again that only God knows what He's doing and not any of us.

So now, if the city cannot find way to creatively enhance their tax base and increase their tax revenue, just declare eminent domain any area that don't generate enough property and sales tax revenue, hand the area over to some developers to upgrade it to get more tax revenue. What a brilliantly disgusting idea. Since when taking properties from one private entity and give them to another private entity become "public use?" It just gets my blood boiled. Next time you are out shopping for a house, make sure you look at that city's charter to see if they have the power to declare eminent domain on private properties.

No comments: