Re: Property Rights

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Article #1866

#1866

From: Merlin Dorfman
Date: Tue, 05 Jul 2005 01:37

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In ca.general Gunner <gunner@lightspeed.net> wrote:
> On Sat, 25 Jun 2005 04:19:33 +0000 (UTC), Merlin Dorfman
> <dorfman@green.rahul.net> wrote:

>>
>>> Frankly, I don't know why I should be allowed to have a savings account, 
>>> either. I'm sure Wal-Mart or some real estate developer could put the 
>>> money to better use. This would surely be "for the public good."
>>
>>     The property owners will, I'm sure, be paid more than their
>>property is worth (though of course that was not the point of 
>>their suit).  A savings account has no value beyond its dollar
>>price, so if the govt seizes your $5000 account and pays you $6000
>>for it, I don't see that you have a lot of complaints coming.
>>(Except on general principle.)


> I suppose you believe in the Tooth Fairy also?  Unfortunately the
> concept of "worth" is a widely variable one..and since the advent of
> the Prop 13 type laws..many many properties are underassessed by a
> considerable margin. In some cases an order of magnitude. And THAT is
> the value that will be negotiated with..not the market value.

     Of course it's the Fair Market Value.

> If you need me to do the research, Id be happy to drag up a few
> examples of why you statement is wrong on so many levels.

     If you care to.  All the cases I've seen, the property owner
is paid well above market value.

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From: Merlin Dorfman <dorfman@green.rahul.net>
Newsgroups: la.general,ca.general,scruz.general,misc.survivalism,alt.tv.the-west-wing
Subject: Re: Property Rights
Date: Tue, 5 Jul 2005 01:37:18 +0000 (UTC)
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