The Kelo Decision is one of the most important cases affecting the rights of small business owners in years, but many of the major news and advocacy sites for entrepreneurs are still silent on the matter. I typed in "Kelo" into the search engines at Inc.com, NFIB, the SBA, Fortune Small Business, Entrepreneur.com, and StartupJournal.com and got.....nothing! Two of the 42 BizJournal sites ran the original story, but no follow-up.
Come on guys! This decision hits at the heart of small business -- free enterprise and the right to own property. Kelo is the first step toward a model in which government is considered the ultimate owner of all property and we are merely being allowed its use. The government no longer serves the people -- we serve the government and if we don't do this to their satisfaction they can take it back and reallocate to a "better use." Convince the government that you can offer them more taxes on a piece of land and they can take if from the current owner and sell it to you. The case will cast a chill over our entrepreneurial economy.
It is a fallacy to believe that homeowners and business owners will be paid justly under the Kelo Decision. If that was true, then the developer should be able to bid for the property on the free and open market without the strong arm of the government getting involved. Kelo lets developers and large corporations by-pass the free market and collude with local governments to cherry pick properties they want without the hassle of dealing with the free market.
I have no problem with developers and large corporations doing what they do--expand and develop. But, they should do so within the free market. Need a piece of land? Then work through the open market to buy it just like the rest of us.
