Property Rights: Carved in Stone or Written in Sand?
Property owners rely on the protection afforded by the Takings Clause of the Fifth Amendment to the U. S. Constitution to shield them against the government improperly interfering with their property rights. The Takings Clause requires “just compensation” to be given to the property owner if the government takes property for public use. For example, if the government takes a person’s land to build a public park, the government must pay him the value of the land. A decision this month by the U.S. Supreme Court adds new uncertainty to that protection by ruling that the property owner must show that the property right allegedly taken was sufficiently “established” under state law.
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President Barack Obama spent time addressing the United States’ energy future in