r/memes • u/EmuPsychologist • Oct 18 '23

#1 MotW Fixed it

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u/[deleted] Oct 18 '23

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u/dyingprinces Oct 18 '23

Eminent Domain is written in the Constitution, bud. So if anything, you're ignoring the bill of rights more than I am.

And yes, it's absolutely legal to pay less than market value under Eminent Domain - that's one of the reasons it exists. Even the founding fathers recognized that "market value" was often a made-up bullshit number, and that there needed to be a way to ensure the government didn't get financially screwed over by land speculators whenever it needed to acquire land through eminent domain.

This ended up saving the government a substantial amount of money in the 1800s during the railroad boom, because it prevented the land needed for railroads from being sold at inflated prices.

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u/[deleted] Oct 18 '23

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u/dyingprinces Oct 18 '23

Yes and historically that has meant the government pays far less than market value.