Private Property in Peril
Newsroom: The Independent Institute: "Private Property in Peril
June 27, 2005
William J. Watkins Jr.
Property owners beware. If an owner does not make maximum productive use of his property, government is now empowered to transfer the property to another person. This is the essence of the Supreme Court’s ruling last week in Kelo v. City of New London (No. 04-108).
The Fifth Amendment to the Constitution only permits government to take property for “public use” upon paying “just compensation” to the owner. Via the Kelo decision, the Court has deleted the words “public use” from the Bill of Rights and made property ownership less secure."
June 27, 2005
William J. Watkins Jr.
Property owners beware. If an owner does not make maximum productive use of his property, government is now empowered to transfer the property to another person. This is the essence of the Supreme Court’s ruling last week in Kelo v. City of New London (No. 04-108).
The Fifth Amendment to the Constitution only permits government to take property for “public use” upon paying “just compensation” to the owner. Via the Kelo decision, the Court has deleted the words “public use” from the Bill of Rights and made property ownership less secure."
posted by Teeg | 6:48 PM
|
0 comments
