The economics of Henry George rear their ugly head.
It also reminds me of the Constitutional reasoning of the Kelo Court. That was the case where the court said the City of New London, CT, could seize the land of a resident and give it to a private developer to achieve a “higher and better use.”
Perhaps some day we can meet to discuss the economic and Constitutional issues raised by this government tactic. Maybe we can even have lunch in that “higher and better” development New London was allowed to create by trampling the rights of private land owners.
Well, maybe not:
FROM THE WIKIPEDIA ARTICLE ON KELO (http://en.wikipedia.org/wiki/Kelo_v._City_of_New_London): “The city eventually agreed to move Susette Kelo’s house to a new location and to pay substantial additional compensation to other homeowners. The redeveloper was unable to obtain financing and abandoned the redevelopment project, leaving the land as an empty lot, which was eventually turned into a dump by the city.”
Why do I suspect something similar will happen here when the money for subsidies runs out and the taxpayers of California finally get tired of paying outrageous power bills just to feel better about their “carbon footprint?”