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A vehicle for venting on philosophy, religion, and the general state of things. Proprietor: C. W. Powell

Friday, June 24, 2005

Cato News Release - June 23, 2005: " Unfortunately, today's ruling breaks faith with the Constitution, by holding that local bureaucrats have the power to take your property and give it to someone they hope will generate more revenue for city coffers. That leaves every property owner and small business person with more reason to fear that their homes and businesses will be confiscated for the benefit of someone wealthier or better connected. That's the very opposite of the system of stable private property our Founders meant to secure.'"
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This court's ruling is an economic disaster. One of the absolute requirements for a vibrant economy is secure property rights. Churches better see the handwriting on the wall, because they do not generate income for the state. Now the government has a tool to close them down and sell the property to businesses that will generate income.
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