But today he has a piece in the Wall Street Journal, urging communities to use eminent domain to seize property where there is a risk of foreclosure and then lowering the monthly costs to the owner. This is supposed to be for the benefit of “the community.” All it does is to transfer costs from those who made bad mortgage decisions during the housing bubble to the taxpayers of the community. Naturally, that appeals to a “progressive” like Miller (who has landed at the socialistic Center for American Progress) but the idea would just deepen the government’s meddling in the housing market. We should stop the meddling, not do more. It also increases the government’s power under eminent domain. Too bad that the Supreme Court opened the door to this in Kelo.
by George Leef