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July 18, 2005 Kelo v. City of New London |
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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:
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
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