by Daren Bakst of The John Locke Foundation
Editor's note: this article is the opinion of the author; the NC Property Rights Coalition has not yet taken a position on this particular amendment.
After the 2005 U.S. Supreme Court decision in Kelo v. New London, it's constitutional for the government to seize private property for economic development reasons. For example, your house or church could be seized so that a wealthy developer could build a shopping mall on your property.
Since 2006, eight states have passed constitutional amendments to protect against what are referred to as "economic development takings." There has been bipartisan support for a constitutional amendment in North Carolina. In 2007, the House passed an amendment by an overwhelming 104-15 vote. The state Senate, notorious for its opposition to property rights, let the amendment die.
Recently, some House members have introduced a new eminent domain amendment: House Bill 1268. The amendment would prohibit takings for economic development. It appears as if the amendment may be on the fast track. This may sound good on its face, but when it comes to this amendment, the cure is worse than the disease. The amendment would actually weaken, not strengthen, property rights. more...
Wednesday, April 22, 2009
Article: The Wrong Eminent Domain Amendment
Labels:
Eminent Domain,
Free Markets,
Home Ownership,
Liberty,
NC House,
NC Senate,
Property Rights
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