Remember a few years ago when the US Supreme Court decided that a public entity could use the power of eminent domain to take your personal property so that it could be redeveloped into something that could provide a city more tax revenue? It was called Kelo v. City of New London. Arguably it’s one of the worst decisions the US Supreme Court has ever made, and a very rare instance of my agreeing with the conservative wing of the court.
There has been an interesting turn of events in New London, CT the past few days. Pfizer is a major player in the property that was taken and now that they have gotten the land for nearly nothing, guess what?
“…Pfizer Inc. will shut down its massive New London research and development headquarters and transfer most of the 1,400 people working there to Groton, the pharmaceutical giant said Monday.”
Yes, you read that right. After taking the land from the homeowners to develop a headquarters and pay huge new taxes to the City of New London, CT, Pfizer is now ABANDONING the project and moving on.
Will the city of New London continue to reap the bigger public good of collecting more taxes on this property? After all, that was the rationale of the court. Give the land to someone else who can develop it into a higher tax base. Screw the fact someone else was there first, minding their own business.
It’s not like they were building a new rail line or a road, library, sewer system, or other publicly owned work. Nope, they took it so they could expand the tax base, and now that expanded tax base is leaving.
This travesty of justice just keeps getting worse. Steal from the people, then abandon the place after you force them out of their homes.
It’s Government of and for the corporations.