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Reply #29: "Who defines "just compensation"?" [View All]

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moddemny Donating Member (400 posts) Send PM | Profile | Ignore Sat Jun-25-05 03:15 PM
Response to Reply #18
29. "Who defines "just compensation"?"

Just compensation is fair market value. What the owner would get for it if they put it up for sale the regular way. If the property has to be taken for a fair public use (and not some backward communist scheme) a number slightly higher the FMV would be more fair to remove any doubts the property is being stolen and help prevent the law from being abused. Without actually putting up the property up for sale FMV can be determined most of the time by an experienced licensed appraiser (two appraisals to make it safe, appraisals are not always perfect either).


As for the rest of your reply:

"I say $0.00 is just compensation enough and an elected judge that agrees with the people might just allow this.

Besides, if you wanted you could simply tax them at a high rate for a period of time and use their own money to take the property!"

This has to be one of the dumbest things I have ever read on DU and doesn't even warrant the time to write an in depth reply.

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