4 ms·
I disagree. If Eminent Domain is used for public good, it could be justified. Here, they forcefully took the property for a private organization [It does not ma
by solutionyogi 16y ago
I disagree. If Eminent Domain is used for public good, it could be justified. Here, they forcefully took the property for a private organization [It does not matter whether it's profit or non-profit]. I completely understand the need for Eminent Domain but it's clearly being abused here.
Also, how does your friend's example make any sense? If the seller doesn't want to sell at a particular price, it's seller's choice.
Let me take another example. I bought my first car (a used 2001 Altima) in 2004 from some guy. As it was my first car, it has a special emotional value to me. In 2010, the value of the car is around 2000$ [I don't even drive it anymore]. Let's say tomorrow Nissan finds out that it's their 1 millionth car sold and they want it back to put it in Nissan Museum. They offer me the 2000$, the market value of the car. I refuse because the car more than 2000$ to me. They offer me 10,000$ and I still refuse. What if there is no price at which I am willing to sell the car? Should US Government deposit 2000$ in my bank account and give the car to Nissan by force?
[On a side note, I believe that their is price for everything. But seller should be able to decide the price, not buyer.]
Looking at the actual case: There were two businesses involved. Tuck It Away and a gas station owned by Gurnam Singh and Parminder Kaur. From their names, I can tell you that they are from state of 'Punjab'. Most likely they are immigrants to America and they would have worked hard to set up their gas station. Don't you think it's morally wrong to seize their business property just because another private organization can benefit? What if US Government forced you to hand over your company (which you built it from blood and sweat) to McAfee for 3x multiple of your revenue? Would that be okie to you?
Please do not get distracted by 'small business' example of Patrick. We are talking about 'private property' (either small business, real estate, car or what have you) and using (or rather abusing) eminent domain to seize that private property and giving it to another private organization.