Compensation based on the speculative value?  In this market?  That argument is nothing more than an outright grab for taxpayer's money - these obvuiously Republican fat-asses are just employing a variant of the Grover Norquist treason to deprive the American taxpayers of our money and our government.

Compensation should never, in any case, be more than the reduction, if any, in the value of the land below the purchase price.  And even that compensation would have to be offset by any increase in value that results from the enforcement of the applicable environmental law or regulation - such as an increase in the value of surrounding parcels caused by enforcing a no-build regulation on one parcel.

We the People have got to start standing up to the rich, instead of merely coveting their possessions.

How would this effect the ability of a state to acquire right of way land for new highways? These land-rights people are also for more freeways and highways arent they?  

Janeane Garafalo recently said at a panel discussion on media & politics that progressives need to stop using the terminology of the right when talking about a variety of issues, i.e., the "death tax" vs. the estate tax. This is another example--"property rights." These initiatives would be better called "community destroying" initiatives or something more along those lines. The right hijacks the language and by that means, the way we think about these important issues. Let's stop doing that!