Acquisition of any Property or Rights must be accompanied by grant of adequate compensation – Rights cannot be assumed, they must be clear and evident – Vague claims of a few cannot be used to deny development benefits to the many – People must be properly informed of the alternatives to allow them to choose correctly.
One economic study found that in order to save the 5,000 northern spotted owls from the threat of extinction, by keeping the environment untouched in a particular forest area in the US North West, costed US $466 bn (i.e., $9 mn per owl) in lost economic cost. Couldn’t another more cost-effective solution be found?” – Anon.
“The Rights of persons and the Rights of Property are the objects for the protection of which Government was instituted.” – James Madison
Many a time, the Government would need to acquire property for public purpose either directly or indirectly, or even for sale to private parties for Industrial or Commercial development, which would also, overall benefit the Community or the Country, as otherwise interested parties may encourage some of the land or property owners to be like ‘a dog in the manger’ or even seek for extra benefits. Such acquisition would be theft by the Government unless properly compensated for.