Patents and Eminent Domain

mrbill writes "Interesting take on the Eminent Domain case now before the Supreme Court. Could the same logic behind using Eminent Domain to take real property be used to take a Patent? Apparently some states are contemplating taking drug company patents to force lower drug prices." From the article: "Patents are the key to huge drug-company profits. The industry will fight vociferously to protect them. In West Virginia, where the issue came up last summer, industry lawyers warned a legislative advisory council away from proposing such action on patents, claiming it would be unconstitutional. "

Comments

It's The American Way!

[nick_davison]

It's a fantastic idea. Drug companies make way too much money. Better the states take their patents to more fairly control them. The same goes for most other successful businesses and, indeed, private individuals, too. If the state takes them all over, they'd be able to distribute the assets far more fairly.

It's such a great idea, I can't believe no one's tried it before!

The only concern would be those damn Commie Ruskies trying to undermine our great system.

Re:fair market value

[Money for Nothin']

Shh, you'll ruin his socialist ideals! And that would be bad for his self-esteem and make him sad... and we can't have *that*...