Quote:
Originally posted by Sidd Finch
Perhaps I misused the term, but when I said "the regulatory takings concept," I was referring to the concept you advanced -- i.e., that you should be compensated for the loss of value to your land if you can't build a factory or toxic waste dump there. I'm not suggesting that gov't can't regulate land use (as if I need to point that out to anyone); I disagree with your notion that you should be paid for it.
Regulatory taking, as I (mis?)understand the term, has nothing to do with building the interstate system. Again, maybe I am misusing my terms but that sort of eminent domain taking, which I believe is clearly allowed by the Constitution but requires compensation, is different.
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So if I buy a piece of property, and borrow the money to buy it, so I can build houses on it. Then the government decides I can't build anything on it, rendering the value of the land almost zero. You don't think I should be compensated?
