Legal doctrine: Support The government cannot appropriate private property without offering fair compensation to the property owner.
ββββββββββββ ββ βββ ββββββββββ ββββββββββ β ββββββββββ ββββ ββββββ ββββββββββββ ββ βββββββββββ βββββββ ββββ ββ βββ βββββ ββ ββββ βββββββββββββββββ βββββββββββ βββββ ββββββ ββββββββββ ββββ βββββ ββββ ββββββββββββ ββ βββ ββββββ ββ ββββ βββββββββ
Principle:
If the government does not offer fair compensation to the property owner, the government cannot appropriate private property.
Conclusion:
If the government passes a regulation that blocks construction on undeveloped lots on the shore of Lake Crowell (which will reduce the market value of those lots), then it must offer fair compensation to the owners of that property.
The principle prevents the government from βappropriatingβ private property without offering fair compensation. But does passing a regulation that blocks construction on undeveloped private lots constitute βappropriationβ? We donβt know. To justify the concluion, we want to establish that instituting the regulation constitutes appropriation of private property.
Which one of the following βββββββββββ ββ ββββββ ββββ βββββββββ βββ βββββ βββββββββββ ββ βββ βββββ βββββββββ
A government should βββ βββββββββ β ββββββββββ ββ ββββββββ ββββββββ ββββ ββ βββββ βββ βββββββββ ββ βββββ βββββ ββ βββββββββ
Governments must balance βββ ββββββ ββ βββββββ ββββββββ βββββββ ββββ βββ ββββββ ββ βββββ βββ βββββ βββββββββββ ββββββββββ βββββββββββββ
Regulations that significantly ββββββββ βββ ββββββββ βββββ ββ β βββββ ββ ββββββββ ββββββββββ ββ βββββββββββββ ββ ββββ βββββββββ
Owners of private ββββββββ βββ βββββ βββββββββββ βββ βββ ββββββββ βββββ ββββββββββ ββββ ββββββββββ βββββββββββ ββββ ββββββ βββ βββ ββ ββββ βββββββββ
A government can βββββββββββ βββββββ ββββββββ ββββ ββ ββ ββ ββ ββββββββ ββ β ββββββββββ ββββββ βββββββββ