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Political gatekeeping

Estro Felino

Believer in free will
Premium Member
But they are inextricably intertwined.
For example, if government (in USA) takes control over
an owner's property to a great extent, eg, prohibiting
building in a wetland, the owner can file for inverse
condemnation because the right to use the land was
diminished so that most of its value was lost.
This means that government owned the "highest &
best use" of the property, even if title wasn't taken.

Let us speak of commercial law.
A stock company.

Internal auditors do not own any stake of the company, yet they control the company.
They were hired by the stock proprietors to do that job.

So...the difference is overwhelming.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Actually in the early nineteenth century a couple of banking dynasties stole the right to issue money from the State.
It is history.
Jefferson had written to Hamilton that this would have led to the destruction of social equality in the US.
Is social equality destroyed?
 

Revoltingest

Pragmatic Libertarian
Premium Member
Let us speak of commercial law.
A stock company.

Internal auditors do not own any stake of the company, yet they control the company.
They were hired by the stock proprietors to do that job.

So...the difference is overwhelming.
Auditors have extremely limited control.
For example, they don't say who runs the show.
Here, the President does that.
 

Revoltingest

Pragmatic Libertarian
Premium Member
The President owns FED stakes?
Senators own FED stakes?

No.
The Prez & Senate control who runs it all.
Even if they don't personally profit, such extensive
control means one cannot call it "private", as though
it were an ordinary bank.
 

Audie

Veteran Member
The rich use banks to better advantage.
More of the borrowing is for profit making ventures.

Zactly. For example-
Our family corporation rents properties for
6 times the interest rate paid on the loan
to build.
Joe Six- pack cant do that.
He is probably overextended on his
double wide and pickup payments,
both of which are depreciating.
 

Estro Felino

Believer in free will
Premium Member
The Prez & Senate control who runs it all.
Even if they don't personally profit, such extensive
control means one cannot call it "private", as though
it were an ordinary bank.

But the people who do profit are private citizens who enjoy their own billions.
Private money.
Not public money
 

Audie

Veteran Member
The concepts of ownership are generally
not known by people with no experience
in the complexities of real estate.
I'm no expert...but I've played the game.
Various kinds of deeds, licenses, easements,
land leases, triple net leases, leasehold estates,
restrictive covenants, common elements,
condominiums, cooperatives, partnerships,
associations, contracts for deed, equitable title,
land contracts, mortgages, riders, etc, etc.

Yup. Could make you crazy.
Specialists in each r needed.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Immensely.
In the US ten times more than in Europe.
Zactly. For example-
Our family corporation rents properties for
6 times the interest rate paid on the loan
to build.
Joe Six- pack cant do that.
He is probably overextended on his
double wide and pickup payments,
both of which are depreciating.
When I was Joe Sixpack, I borrowed money
to buy rental property. Then I lost my sixpack.

If one borrows to buy only homes, boats, & RVs,
one will never be wealthy. The lack of ambition
won't be cured by government redistribution.
 
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