Happy Kelo Day. And happy Marlboro Day, too.
Today and tomorrow mark the anniversaries of two illustrative episodes in the history of Big Business-Big Government collusion.
Tomorrow, in 2005, the U.S. Supreme Court ruled that New London, Connecticut, could take the land of homeowners for the sake of luring in Pfizer, who wanted to build a new research facility and didn’t want unsightly lower-middle-class homes ruining their view.
Today, one year ago, President Obama signed a tobacco regulation bill, which he claimed was passed, “despite decades of lobbying and advertising by the tobacco industry.” Of course — Philip Morris, which comprises most of the U.S. cigarette market and most of the U.S. tobacco lobby — had been lobbying in favor of this bill for a decade.
As it turns out, this regulation is helping Philip Morris and hurting the little guys.
Today’s a good day to reflect on the fact that every time government gets bigger, somebody’s getting rich — and it’s usually the guy with the best lobbyist.