Court: Cities May Seize Homes For Economic Development

[sageofages]

Originally posted by ms_gwyn
<shakes head>

I could go on a rant about this subject...it has way too board definition of "economic growth"

This ruling is amazing to me. At a 5-4 decision, it was definitely a split in the court too.

With the average american's majority of their wealth tied up in the real property they own, this decision allows government to take one person's wealth *against their wishes* to benefit another. Think of it as being akin to robbing from the poor to give to the rich.

Yes you can get fair market value for your property, but you may have to pay capital gains tax on that income from the forced sale of your real property. This doesn't even take into account the emotional and physical stress of the logistics of simply have to relocate your world. In the instances of property that has been in the family ownership for generations, you also lose that connection to your family and community heritage.

This ruling was just plain wrong.