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December 9, 2008
Stop The Pork Lawsuit Combats Corporate Welfare & Eminent Domain Abuse
Ground Report
by Richard Cooper
Citizens with a libertarian bent have sued New York State, seeking an end to state-sponsored corporate welfare.
New York's State Constitution explicitly prohibits corporate welfare. "The money of the state shall not be given or loaned to or in aid of any private corporation or association, or private undertaking.” Article VII, § 8. 1.
...Entire agencies are devoted largely to this legalized crime such as the Empire State Development Corporation (ESDSC). The ESDC is a principal practitioner of eminent domain abuse, making it doubly engaged in legalized theft. Should the lawsuit succeed in curbing transfers or loans to corporations it probably would curb most eminent domain abuse by cutting off the taxpayer as a source of funds.
Posted by eric at December 9, 2008 10:01 AM