White Shogun
Hall of Famer
- Joined
- Mar 2, 2005
- Messages
- 6,285
I don't know how many of you are aware of a case that was decided by the Supreme Court this past week.
The township of New London, Ct, is seeking to 'take' ownership of the property of a group of homeowners that developers have targeted for 'economic expansion.' New London is economically depressed and wants to develop this area to increase tax revenue. The property owners will be forced to sell their homes to the development group.
The Supreme Court ruled IN FAVOR of New London, Ct, saying by majority decision that the economic benefit of new and more abundant TAX REVENUE outweighs the rights of the property owners.
If this decision doesn't chill you to the bone, I don't know what will. Armageddon maybe?
With this decision, you can expect this same type of action will be taken all over the country. Unscrupulous politicians in bed with real estate magnates will be making backroom deals to seize the private property of its citizens TO MAKE MONEY. Sure it will raise tax revenue, but it will make even MORE MONEY for the men who develop the land and own the businesses.
Its already a fact in this country that you will NEVER own land, and now you aren't secure in your home even if you DO pay your property taxes.
If you think you can own land and aren't simply renting from the County, stop paying your property taxes and see how long you "own" your land.
The township of New London, Ct, is seeking to 'take' ownership of the property of a group of homeowners that developers have targeted for 'economic expansion.' New London is economically depressed and wants to develop this area to increase tax revenue. The property owners will be forced to sell their homes to the development group.
The Supreme Court ruled IN FAVOR of New London, Ct, saying by majority decision that the economic benefit of new and more abundant TAX REVENUE outweighs the rights of the property owners.
If this decision doesn't chill you to the bone, I don't know what will. Armageddon maybe?
With this decision, you can expect this same type of action will be taken all over the country. Unscrupulous politicians in bed with real estate magnates will be making backroom deals to seize the private property of its citizens TO MAKE MONEY. Sure it will raise tax revenue, but it will make even MORE MONEY for the men who develop the land and own the businesses.
Its already a fact in this country that you will NEVER own land, and now you aren't secure in your home even if you DO pay your property taxes.
If you think you can own land and aren't simply renting from the County, stop paying your property taxes and see how long you "own" your land.