General > General Technical Chat

The Hyperloop: BUSTED

<< < (40/113) > >>

cdev:
Pre-development value, and it varies, consensus is usually around 3/4 of value is paid but then movers get a higher tax basis so many don't make it.


Now towns just give land to developers.. its often hype.

David Hess:

--- Quote from: mtdoc on August 04, 2017, 04:26:14 am ---One problem with strictly private, commercial development of any Hyperloop route of consequence is that it would require that the government - through the legislature - acquire the necessary land in the name of the private entity building the route. 

In the US anyways, the eminent domain clause of the 5th amendment requires "just compensation" be given to those whose land is taken.
--- End quote ---

That has not been a problem since our US Supreme Court ruled that "public" means the same thing as "private" in Kelo v. City of New London and our government has no problem not paying just compensation.  One trick they use is to condemn or otherwise encumber the land to be taken reducing its free market value to practically zero.

LabSpokane:
The Hype-rloop has been 100% successful.

It has succeeded beyond anyone's wildest imaginations in separating unwitting investors from over $30MM USD. Since parting fools from money is all that matters these days, I suppose that should be commendable.

mtdoc:

--- Quote from: David Hess on August 04, 2017, 02:19:44 pm ---That has not been a problem since our US Supreme Court ruled that "public" means the same thing as "private" in Kelo v. City of New London and our government has no problem not paying just compensation.  One trick they use is to condemn or otherwise encumber the land to be taken reducing its free market value to practically zero.

--- End quote ---

That's an interesting link. If you read through it you'll see that one result of that case was that several states (including California) passed new legislation to restrict or prohibit state or local government from using eminent domain to acquire property for private use.  Of course I have no doubt that if enough money is involved corrupt politicians would try to find ways around those laws.

David Hess:

--- Quote from: mtdoc on August 05, 2017, 08:25:41 pm ---
--- Quote from: David Hess on August 04, 2017, 02:19:44 pm ---That has not been a problem since our US Supreme Court ruled that "public" means the same thing as "private" in Kelo v. City of New London and our government has no problem not paying just compensation.  One trick they use is to condemn or otherwise encumber the land to be taken reducing its free market value to practically zero.
--- End quote ---

That's an interesting link. If you read through it you'll see that one result of that case was that several states (including California) passed new legislation to restrict or prohibit state or local government from using eminent domain to acquire property for private use.  Of course I have no doubt that if enough money is involved corrupt politicians would try to find ways around those laws.
--- End quote ---

Most of the state legislation is for show only and is either misleading or contains enough loopholes and exceptions to subvert the stated purpose.

https://www.washingtonpost.com/news/volokh-conspiracy/wp/2015/06/04/the-political-and-judicial-reaction-to-kelo/

Navigation

[0] Message Index

[#] Next page

[*] Previous page

There was an error while thanking
Thanking...
Go to full version
Powered by SMFPacks Advanced Attachments Uploader Mod