Cato Institute Debate: Property Rights(21st Century America)

Eminent domain is an exercise of the power of government or quasi-government agencies (such as airport authorities, highway commissions, community development agencies, and utility companies) to take private property for public use.

On June 23, 2005, the case of Kelo v. New London was decided by the Supreme Court regarding eminent domain used and given to another private party. While upholding eminent domain for economic development purposes as a "public use" under Connecticut's statute, the court emphasized that "nothing in our opinion precludes any State from placing further restrictions on its exercise of the takings power."

Several States have enacted legislation further defining proper use of eminent domain as a result of the above decision. However, this opened the door for eminent domain to be used in case of taking private propery and giving to other private properties if felt it was in the "public good." "Public good" usually involves higher property taxes...

Obvious where I stand on the issue, isn't it? :)

This is a Cato Instutite Debate on property rights prompted by the above Supreme Court case. The debate is between Timothy Sandefur and John D. Echeverria; moderated by Roger Pilon.


(86 minutes) (Sep 19th, 2006)
curiousitysays...

Two other sifts about eminent domain that might interest you:

https://videosift.com/video/ReasonTV-Redevelopment-A-Tale-Of-Two-Cities

ReasonTV's Drew Carey compares Los Angeles's heavy handed approach by using eminent domain to give private land to private developers and Anaheim efforts to work cooperatively with the property owners without the threat of land seizure.


http://www.videosift.com/video/ReasonTV-National-City-Eminent-Domain-Gone-Wild

ReasonTV's Drew Carey visits National City, California where the city council pushes to use eminent domain to take private property in order to give to private developers to build new luxury condos.

siftbotsays...

This video has been declared non-functional; embed code must be fixed within 2 days or it will be sent to the dead pool - declared dead by eric3579.

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