Conservatives were (rightly) enraged back in 2005 when the city of New London, CT was allowed by the Supreme Court to use eminent domain to transfer property from the rightful owners to private businesses. Well, courtesy of Volokh and SayAnythingblog, here are the results.
More or less, not a spadeful of earth has been moved on most of the land that was taken from the rightful owners, and it illustrates a very good lesson; when a business asks government for a tax break or for eminent domain to be used in their favor, it most likely means that they don't have a business plan that will work without this help.
Instead of taxing existing residents and merchants, and cheating people out of the fair value of their property, I'd suggest we'd do well to tell these beggars to take a hike. Show them a picture of the devastation in New London or Poletown if they ask why.
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