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Supreme Court and Property Rights

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Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Property rights continue to take a hit from all sides. In the environment of today's high energy prices there is once again the call for the US to confiscate all mineral rights from people and make it property of the state. Cities are vying with each other in my very community to annex large vacant land tracts to assure addition tax revenue for the city while refusing to provide the most basic water and sewer services. I predict within the next 20 years that Benton Co. Ar will be 100% annexed and there will be no "rural" property - which means no hunting, no shooting guns, no changes in farm operations.
Today as we speak, California has an inititive that will force 90% of the egg production farms in that state to close down. They are going to ban caged layers and require minimum sizes. The result will be a huge economic loss for California and means that egg prices go up. Nevermind that if this was "animal abuse" that the hens wouldn't lay an egg, it represents the naive view that somehow chicken agonize over their fate as a human would agonize over being in prison. We are to imagine that the horse in a pasture longs to be free and that cows pine away because they cannot roam at will across the plains.
Today, I pay taxes on 80 acres. The county controls some 3 acres of that in roads. They frequently damage my fences with unnecessary mowing or grading, which is left up to me to fix. Our county assessor over-appraised large chunks of the county. The Board of Equalization, which is to meet in August has been in special session since Sept 1 and will remain so until well into November, with some 4000 complaints, but that is a drop in the bucket to what should have gone before the BoE. With the pending economic collapse, people with property will be asked to pay more and more making ownership even more difficult.
I believe the most threatened is that of the farmer and the landowner. Many have property tax breaks related to valuation as farmland. And farms are turning 1% returns upon investment, surviving only because land values itself has increased. The irony is that it makes entry into farming even more difficult for the young farmer. And even further irony is that many conservation minded people hold conservation lands and wildlife acres - acres that in my county are now taxed as "non-agricultural". Ditto for Colorado which attempts to tax such land at "market rates"..meaning the taxes are not a few hundred dollars year, but can be a few thousand. That forces many to either develop into a more profitable operation at the expense of wildlife or to sell to a developer or someone who will or can develop it.

The have nots, and that class is about to increase, will increasing call upon those who are ownership society who husbanded their resources and took few risks, to pony up the losses these losers created for themselves. The current crisis is far from over. Even Gulf Bank, the Kuwait bank, had to be propped up this week by the Kuwaiti government....the entire world banking system could collapse which would freeze credit in the world and force the governments to step in as 'lenders of last resort' which means each nation's wealth will be vetted by a confused market place according to serendipity - this is going to be a long strange trip indeed.
 

Eminent Domain

Junior Member
Joined
Jan 19, 2002
Professional Status
Certified General Appraiser
State
North Carolina
I saw a great bumper sticker the other day.



"WORK HARDER" - Theres millions on welfare who depend on you!
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
When Justice Slouter found direction from European courts and
supported governments and quasi government entities (improvement
districts) taking property for the benefit of private developers through
eminent domain, it is clear were skipping down the road to socialism.
Its really was too bad that condemnation of Slouter's house failed,
that would have been fitting.

That direction is confirmed by bailing out credit swamps, banks,
insurance companies, and perhaps auto makers. If the government
owns the banks and insurance companies, and they already have
the IRS, not much left. Appears they want 'participation' in home
ownership of those people who want to live in their houses, but
can't afford to. Scary times.
 

Mike Boyd

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
The subject and the first 3 responses are VERY political and not supposed to be allowed in here. However, I will add my 2 cents until that time:

1. The article did not mention property rights.

2. The proposed taxation changes by both parties is limited to income and capital gains.

3. "Redistribution of the Wealth" is a rallying cry by those who have escaped taxation in the past by employing tax loop-holes.

4. The "Small Business" tax increase is a sham. Remember, taxes are paid only on NET income......after deductions for the costs of doing business, inventories, shareholder dividends, etc. However, the definition of Small Business from our government are those businesses with less than 200 employees (I think..may be 100). MANY companies that we think of as being Big Business are really Small Businesses where the owners make millions. They are the ones subject to the proposed new tax rates.
 
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