🚀 go-pugleaf

BTR1701 wrote:
> In article <nieporen-5A0197.06451725062005@host170.octanews.net>,
>  David Marc Nieporent <nieporen@alumni.princeton.edu> wrote:
>
> > In article <d9im0l$4ch$2@blue.rahul.net>,
> >  Merlin Dorfman <dorfman@green.rahul.net> wrote:
> > >In ca.general BTR1701 <btr1702@ix.netcom.com> wrote:
> > >>  Merlin Dorfman <dorfman@green.rahul.net> wrote:
> >
> > >>>      Frankly I don't think that a different decision would really
> > >>> have changed anything. Governments would have seized the land for
> > >>> "a park," then a few months later turned around and sold it to the
> > >>> private developers.
> >
> > >> Yeah, you're probably right.
> > >> 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).
> >
> > No; by definition, they're being paid less than the property is worth to
> > them.  If they were being paid more, they'd sell.
> >
> > In practical terms, anybody who has been involved in a legal condemnation
> > actions knows that the amounts paid are always lowballed.  Monopsonies
> > backed up with guns tend to have an awful lot of market power.
> >
> > >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.)
> >
> > Yeah.  Pesky principles.
> >
> > Besides, BTR, he's right -- they have to compensate you when they take your
> > property via eminent domain.  When they want to take your savings accounts,
> > they just say the magic words "taxing the rich" and seize it.
>
> Yes, I hadn't thought of that. Now I'm depressed that I realize my
> sarcastic example is actually true.

Awww, gee BTR. It really is sooo, sooo, very, very tragic hearing you
two lament over govt treatment of the rich.

Booo-hoo. Boo-hooo-hooo. Boo-hoo.