JimC wrote:Seth, I think you have missed 2 important points about the Sydney example.
1. The company that bought the building was fully aware of its heritage listing, which means that they would have to apply for a special permit to knock it down, a permit which was unlikely in the political climate of the day. In a different circumstance, where a developer purchased a building, intending to replace it, and a government retrospectively legislated to forbid this, I would agree that this would be unfair; in that case, there would be legal redress and compensation.
The "heritage listing" IS the problem. Such laws strip property rights from private property owners based on what the government, and the public value in a particular situation, and the owner has done nothing to make that listing a necessity. That is the essence of an improper taking. If the public values "heritage" sites, then the public ought to open its purse and buy the property so it can be preserved, rather than using a regulatory taking to accomplish its purpose of acquiring the value of the property for nothing.
2. The laws that are the baseis for heritage listing were enacted a long time ago by a democratically elected government. Governments of various persuasions have come and gone, but the laws remain; they have strong public support. Developers need to do their homework, and only step in where it is clear they will be able to proceed. Also, there are many older buildings, third-rate examples of their architectural style, which are quite sensibly not listed, so there is still plenty of opportunity for new developments.
That's what is called the "tyranny of the majority," or, as it's otherwise stated, it's two wolves and a sheep deciding what's for dinner.
The essence of private property rights is that the individual who owns the property has the right to decide on the use and disposition of the property, not the public. So long as what the owner chooses to do does not export actual harm to others, like by exporting pollutants or causing damage to a neighboring property, the owner should have plenary power to do as he pleases and build, or demolish whatever it is that he cares to build or demolish, not subject to the whims and caprices of the public and its aesthetic sensibilities and outrageous demands for control of what does not belong to them.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S
"All that is required for the triumph of evil is that good men do nothing." Edmund Burke
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