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September 9, 2006
Possible solution to the eminant domain problem
After Kelo v. City of New London, a lot of discussion went into how we could fix the situation so that abuses in eminent domain became more infrequent. What if we changed the rule so that once the property was assembled into a coherent whole, there had to be a public auction for the parcel. That would prevent low-ball, sweet insider deals for the property, and allow rival policy coalitions. If you thought the policy purpose was essential, you could still have a general requirement that the property be developed for a certain purpose, like a highway, or residences, but this would ensure a high value version of whatever was proposed.
Posted by OneEyedMan at September 9, 2006 5:03 PM
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