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Thursday, May 31, 2012

LOCAL GOVERNMENT TRIES TO REGULATE BUSINESSES OUT OF EXISTENCE SO THEY WON’T HAVE TO COMPENSATE THE OWNERS

The practice by local governments of using the power of eminent domain has a long and storied history in America. Indeed, it’s written into the constitution that governments can seize private property, provided they use it for a public good and pay the owners “just compensation.”
The first of these requirements has been eroded down to nothingness since the case of Kelo v. City of New London. However, the second one has remained in force, and been an effective deterrent against governments taking away property willy nilly, since all the costs would add up in theory.
Unfortunately, Ventura County in California has found a way around this limit by using zoning regulations to make it so prohibitively difficult for businesses to exist that the owners just pack up and leave of their own volition. This video from Reason Magazine explains the extremely sleazy approach involved:
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