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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Private property?

August 18th, 2005 by InLibrisLibertas

Most people have heard about the group of property owners in New London who fought, in court, the city’s expropriation of their property for the purpose of generating more taxes to feed the bureaucratic appetite. In the usual travesty, the Supreme Court ignored the Constitution in favor of ever bigger government and the property owners lost their case.

Now the city is seeking to make an example of them so that no-one else will ever challenge the bureaucrats. Not only are they demanding back rent to the beginning of the case, including any rental income the owners may have received, but they are proposing compensation based on 2000 property values, effectively impoverishing the owners who are being billed for up to $300,000.

A New (London) Low - A refrigerator box under the bridge: The Kelo Seven prepares for the worst

Remember the fundamental rule: Government is operated for the benefit of politicians and government employees. Only.

Private property is gone in the USA. Get used to it.

Posted in Government, Real Estate |

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