Because, hey, it’s not really yours anyway right? You just get to finance it and pay taxes on it.
Eminent domain abuse is widespread and it is fundamentally a challenge to private property rights, part of the legal bedrock of this country.
Europe and the UK are coming to terms with some big changes right now. Italy’s banks are in trouble. London’s insane property market may have snapped back to something closer to reality.
Reality can be a big bummer in finance.
Hey, what a concept. Due process.
Policing for profit is wrong.
I love growing plants. Flowers, herbs, vegetables, all are great. I wish I could grow more. And thankfully where I live the only real restrictions on my gardening is the amount of space I have, the sunlight I get, and the date of the first and last frosts. Oh, and deer.
In some places however there there are horrible problems with pests. Bureaucratic, taxpayer funded, control freak pests.
Now for the rest of the country.
By Andrew Langer
A coalition of Michigan sports fans, consumer groups, and free market advocates are locked in a battle over the right to resell tickets. Michigan is one of the few states that still prohibits consumers from reselling their tickets on the secondary market for more than face value, without the venue’s permission.
In addition to representing a gross interference by the government in the free market, the 83 year old law has enabled big ticket companies like Ticketmaster and StubHub to create a state-sanctioned monopoly on reselling tickets for more than face value.
No, not if local government disagrees.
What a concept. Before the cops can take your stuff you have to be convicted of something. Wow! Crazy!
The Chinese have poured stimulus on top of stimulus already. An archipelago of idiot central planning projects stretches from the Ordos desert in the north to the lush mountains in the south. High rises reach to the sky but are empty, in the middle of cities which are empty, in a country which is anything but empty.
The ALCU and the Tea Party groups got together to fight the IRS last week. Looks like they’re getting together again in Georgia to keep cops from taking people’s property. Good.
And that’s not counting the cost of the replacement trees the city insists he plant.
This is a great story of the insanity of big government on a local scale. In some ways it’s the scariest kind.
Crony capitalism happens at all levels of government. So long as there are favors to hand out someone will be there with an open hand.
The below report comes from Rochester, New York.
A local developer built a mall that as of now has only 2 tenants, a Sears on one end, and a Macy’s on the other. In between dark sealed store fronts. It is a disaster.
George Will has a great anti-authoritarian streak in him. It’s one of the reasons I enjoy reading him every week. This week he examines how it is that the government, without conviction, or even charge, can take private property. The more equity in the property the better.