Monday, August 18, 2014

Why We Need Property Rights

The ultimate consummation of the legal trends toward reducing property rights as restrictions on government action came with the 2005 case of Kelo v New London, in which the Constitution’s provision that private property could be taken for “public use” was expanded to mean that such property could be taken for a “public purpose”.  While a public use would include such things as the government’s building a reservoir, a bridge, a highway or some other such facility, “public purpose” could mean almost anything -- and in the Kelo case it meant confiscating people’s homes to turn the property over to developers who would build various upscale facilities.


Thomas Sowell, Intellectuals and Society, p.280

No comments: