Property Rights under Capitalism

Americans have absolute inviolability of their property rights to protect them from predation.  

Our founders recognized that a violation of property rights and interference with the right to free exchange would harm the working classes for the benefit of a politically connected elite. 

The Fifth Amendment defines the only time when property can be taken, and only then for a "public purpose", such as a road, school dam, public-library, courthouse, jail, etc....  

Any other government mandated distribution of property that differs from what people voluntarily enter into is destructive of "public good" and a violation of the principals of capitalism.

Under capitalism, there is no such thing as "just compensation", for the only truly "just price" is the market price, one established by voluntary transaction.  Value is subjective. It does not exist in the coveted property itself, but exists in the minds of buyers and sellers. A sale takes place not when both parties value the property the same, but when the seller values the money offered to him more highly than he values the property sold, and when the buyer desires the property more than he desires the money.

It is because of these differences in valuation that sales take place, that the market economy exists. One person trades something he values less highly to acquire something he values more highly, with another person whose relative valuation is opposite. Free trade is not a zero-sum game. All players gain value by market transactions. In a market economy, the reason why some property owners don't want to sell property, is not because they are not offered a price that was "just" by some illusory outside standard, but because they value their property more highly than the money that they were offered.

75% of the land grab owners value their property more than one penny. 
An amount  that has not been offered.

Portions above quoted or paraphrased from Columnist Richard Draheim, Jr. from his article: Eminent Domain: Robbing the Poor to Give to the Rich, July 4, 1997 The Dallas Libertarian Post ©1997, 1998 Richard N. Draheim, Jr.