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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Pennell v. City of San Jose, 485 U.S. 1 (1988)

Citation
Pennell v. City of San Jose, 485 U.S. 1 (1988)
Parent Document
Pennell v. City of San Jose, 485 U.S. 1 (1988)
Effective Date
1988-02-24

Other Sections in This Document (112)

Full Text

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Of course all economic regulation effects wealth transfer. When excessive rents are forbidden, for example, landlords as a class become poorer and tenants as a class (or at least incumbent tenants as a class) become richer. Singling out landlords to be the transferors may be within our traditional constitutional notions of fairness, because they can plausibly be regarded as the source or the beneficiary of the high-rent problem. Once such a connection is no longer required, however, there is no end to the social transformations that can be accomplished by so-called "regulation," at great expense to the democratic process.