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sábado, 6 de setembro de 2008
modern concepts of Property
Eminent domain is the constitutionally sanctioned practice of taking land for legitimate public uses. Traditionally, that's meant things like roads and schools. Over the past several decades, however, governments have gone hog wild with eminent domain, routinely condemning property and turning it over to well-connected private developers as a way of subsidizing economic development and increasing tax revenues (never mind that it doesn't always work out that way).
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