Originally Posted by Totenkopf
I'd say it's not good. Any expansion/misuse of emminent domain is ultimately a threat to private property rights. Once the precedent is set, it becomes very difficult to undo any resultant damage.
In the dissenting opinion of this case, Justice O'Connor mentions pretty much what you just stated, although it was a bit less sensitive about eminent domain (here is the text of the case: www.supremecourtus.gov/opinions/04pdf/04-108.pdf
My question to you is this: do you not think that it would be okay even if government did it responsibly?