Thursday, September 23, 2004
E.D.
No not the Bob Dole E.D. - I'm talking about Emiment Domain.
While some may heckle the libertarian stance on emiment domain, in this article, George Will comes pretty close to supporting it. (As I mentioned long back, the emiment domain plank of the 2004 Libertarian platform is the one prominent issue on which I agree with them)
Will discusses New London's seizure of property for the purposes of increasing tax revenue.
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While some may heckle the libertarian stance on emiment domain, in this article, George Will comes pretty close to supporting it. (As I mentioned long back, the emiment domain plank of the 2004 Libertarian platform is the one prominent issue on which I agree with them)
Will discusses New London's seizure of property for the purposes of increasing tax revenue.
To enhance the Pfizer pharmaceutical company's $270 million research facility, [New London] empowered a private entity, the New London Development Corp., to exercise the power of eminent domain to condemn most of the Fort Trumbull neighborhood along the Thames River. The aim: to make space for upscale condominiums, a luxury hotel and private offices that would yield the city more tax revenues than can be extracted from the area's middle-class homeowners.The Connecticut Supreme Court has already ruled in New London's favor ruling that increases in tax revenues is a justifiable public use, but Will notes that there may be an appeal to the US Supreme Court. Hopefully, that'll sort things out. However, in light of other recent rulings (cough... McCain Feingold cough...), I'm not exactly holding my breath waiting for SCOTUS to do the right thing.
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