Xequat
Black Belt
Exactly what I was thinking. I would suggest that a solution to this problem would be another Constitutional amendment declaring just that. If it's for a road or something, maybe, but if it's for capitalist advancement, then that double/triple market value is just a part of the investment. If the state or feds or even municipality wants to help the investors some way through tax relief or grants or whatever, then we can cross that bridge when we come to it, but I think it should be included as part of the company's investment.sgtmac_46 said:I think the standard should be that for public purposes, such as roads, the state or federal government should pay for property at "fair market value." Private developing companies who wish to make a profit off of the property should be forced to pay double or triple "fair market value".
Meaning if the fair market price of a given property is $150,000 they should have to pay $300,000 or $450,000 for the property. This would be the only fair way to go and, while it would not make everyone happy, it would be at least equitable.
That's just my take on the issue.