Victory for Property Rights in California
Posted in Real Estate News
The California Supreme Court ruled on Dec. 29 that the state had every right to shut down those noxious enemies of property rights and fiscal responsibility known as redevelopment agencies. Better yet, the state’s high court ruled that another law that allowed those agencies to come back into existence was unconstitutional.
The general public learned of the injustices after the 2005 U.S. Supreme Court’s Kelo decision, which upheld the “right” of governments to use eminent domain for these redevelopment-type economic projects. The grand revitalization project that destroyed Susette Kelo’s Connecticut neighborhood was abandoned and the site remains a spot to dump vegetation, a reminder that officials in the United States can’t plan an economy any better than their equivalents in the old Soviet empire. Free markets work better than central planning.
949-489-1583
888-500-1188
