It’s been nine years since the infamous Kelo v. New London decision, in which the Supreme Court gave its imprimatur to local governments snatching land from one private party and giving it to another, on the theory that the second party could generate more tax revenue. It was an outrageous decision that essentially allows wealthy interests to use the government to seize from people who don’t wish to sell. Compelling them to give up their property against their will is bad enough, but the injustice is often compounded by the fact that they’re compensated at rates well below market value. And in the case of a business, the compensation is only for the land. It doesn’t include the cost of reestablishing the business elsewhere.
Here’s just one recent outrage in Philadelphia, from Reason.tv.