Solution for Eminent domain:
Last
year the Supreme Court ruled that developers can take private property
if the developer’s proposal meets the standard for ‘greater good.’
Evidently politicians will decide what meets the standard for greater
good in their communities.
Since the law exists, and people are
compelled to work within the law, then three things should happen to
protect the people being evicted:
1. The
displaced people should be given fair market value based on what the
property will be worth after the development takes place. Furthermore
their new residence, wherever it might be, should be assessed and taxed
at the same amount they paid at their prior residence.
2.
The displaced people should be given stock shares in the development
company so they will earn a future stream of income from the increased
value of the property they relinquished. This would limit the number of
potential developers to publicly traded companies that must also have
open books and fair accounting. Additionally the developer must declare
who their officers and lobbyists are so that pay-offs to the
politicians might be more transparent.
3. The
displaced people should be referred to as ‘special stockholders,’ and
they will form a committee, and each year the committee will plan a
two-day catered party for all special stockholders plus their
relatives. At committee discretion, the yearly event will take place at
either a) the developer’s home or b) at the home of any politician who
approved the eminent domain takeover. BYOB of course
Gene Haynes