Re: more electoral defeats for the feudalists

sinister wrote:
From http://www.guardian.co.uk/worldlatest/story/0,,-6201366,00.html

"One election subplot was a campaign led by New York City real estate
investor Howard Rich to promote ballot measures in numerous states seeking
to rein in state and local government.
"Of nine Rich-supported measures, only one succeeded - a property-rights
measure in Arizona that would require state and local authorities to
compensate property owners if land-use regulations lower the value of their
property. Similar measures lost in California, Idaho and Washington..."

I followed these "takings initiatives" quite closely during election
week. Not only do I oppose them on principle, but for the very
pragmatic reason that, if passed, they could virtually bankrupt state
governments. Virtually every single environmental regulation, every
zoning law, every property tax increase, etc. could be declared a
taking and thus become compensable. This is sheer idiocy.

.