Do you remember Kelo v. New London? You should. That is the famous Supreme Court case where five jurists determined that taking people’s property and handing it over to a private business met the “public use” standard if the government would get more tax revenue. Well, New London condemned and destroyed several century-old homes to make way for some fancy new waterfront complex. Now, the homes are gone and Pfizer, whose plans for a big expansion were supposed to be complemented by this new development, is moving out. How depressing. Maybe people will think twice before jumping on the state-sponsored-theft-of-private-property bandwagon.
Goodbye, property rights, Hello,…nothing.