Tax Foundation: Eminent Domain Not Worth Its Salt

Thousands of years ago salt was a valuable commodity. Empires were built on salt.

Today, the Tax Foundation uses a George Mason University Eminent Domain Paper to empirically state that eminent domain is not worth it. The Tax Foundation highlights that eminent domain has a negative relationship with economic revenue growth. “The gamble against private property rights rarely pays off.”  

Hear that sound? It’s the printers of private property rights advocates printing this pa…

Private Property Rights Proponents Will Memorize this Paper

Odds are high every member of the Texas Legislature will receive a copy of this George Mason University Mercatus Center Paper, “Takings and Tax Revenue: Fiscal Impacts of Eminent Domain.”

This academic paper details the use of eminent domain and resulting impact to government. [Synopsis of the Eminent Domain Paper for 2015] adminPosted incompensation, economic development, legal trend, legislation trend, private property rights

RealClearPolicy Asks: Does Eminent Domain Raise Revenue?

The meat of this article is that private proeprty rights are the foundation for the market economy. The authors then work their way through the landmark 2005 Kelo case and note that Kelo’s property was never used for the economic development purpose for which it was taken. But rather, Kelo’s property was used for refuse from 2011 hurricane Irene. 

RealClearPolicy also highlights the 2014 Economic Freedom of the World Report that the U.S. fell to 36th for its legal system and privat…

Is silver the appropriate gift for the 9th Anniversary of a US Supreme Court Ruling? Neither, the proper gift is film.

 
Claiming to channel their inner Erin Brockovich, filmmakers have made an eminent domain film called the “Little Pink House.”  The film plays off a journalist’s exposé piece documenting the tribulations of Kelo.  Libertarian attraction to the film will be inevitable. 
There’s also a forthcoming Kelo book by a preeminent law professor.  The book will be the first substantial legal and policy analysis book on Kelo. Next up- Kelo On Broadway.     adminPosted ineconomic development

The Feds are Using Eminent Domain Against a Large State

A potential precursor to the Bureau of Land Management tussle with Texas, the U.S. government has filed an eminent domain suit against California. A developer acquired land at a federal auction. He wants to do what he does- redevelop, but the street leading to the area needs improvement. The Feds are claiming eminent domain to upgrade a road for its building and any other related purpose, including a sale of government land.  adminPosted ineconomic development