July 18, 2005

Kelo v. City of New London

 
  
This is a recent United States Supreme Court Case, which has generated a lot of criticism in the U.S. The fifth amendment of the U.S. Constitution contains the following language:
. . .nor shall private property be taken for public use, without just compensation.
In this case, the majority, by a vote of 5 to 4, decided that the city could condemn privately owned homes for the purpose of reselling the property to a private company. The only public purpose argued by the city was that the private property in the hands of the new owner would create more tax revenues and more jobs than the property in the hands of the homeowners.
 
Many see this opinion as undermining the sanctity of private property in the United States. Since we have been discussing the importance of private property rights, I thought you might be interested in this case. Kelo v. City of New London http://a257.g.akamaitech.net/7/257/2422/23jun20051201/www.supremecourtus.gov/opinions/04pdf/04-108.pdf