Jo Coleman has sent this with opinions I agree with. I have highlighted certain areas but have n0 links in this blog.
To add to her analysis, if you are not an investor you may not be aware that venture capital is capital put at risk by the very wealthy. Here we are stealing from the poor and middle class to ease the risk of the very wealthy.
In the Eminent Domain section I have highlighted in green to emphasize the point that this law is all about the money. I believe it was in 2003 I was at the polls talking to a Democrat woman handing out literature who complained about how she had to get a lawyer to stop a realty company from taking her house for not having a correctly fixed fence. The lawyer was able to stop the proceedings but at the cost of a fence and lawyer. I would hope we can win people one person at a time but I fear they too often see government and "the greater good" as the best alternative. The individual is just considered a fly in the ointment of progress. Perhaps this is why some call themselves "Progress" ives.
House Bill 1380 passed and Mitch signed it...one section
"Authorizes counties, cities, and towns that receive county economic development income taxes (CEDIT) to: (1) establish local venture capital funds; and (2) establish regional venture capital funds by pooling CEDIT revenues and grant proceeds. Provides that a regional venture capital fund shall be administered by a governing board. Authorizes the governing board to make grants or loans from the fund to public or private entities for economic development purposes."
This is the very antithesis of capitalism and a slap in the face to all the real entrepreneurs and investors who risk their own money.
But combine this with the eminent domain bill that doesn't really protect us from anything...House bill 1010, eminent domain does not prevent taking for private development; they just have to declare our property run down or neglected ..."Establishes procedures for using eminent domain to transfer ownership or control of real property between private persons for uses that are not public uses, including: (1) limiting the use of eminent domain only to acquire certain types of property; (2) requiring that the acquisition of the property will accomplish more than only increasing the property tax base of a government entity; (3) requiring mediation under certain circumstances; (4) requiring the payment of more than the fair market value for certain types of property; (5) requiring the condemnor to pay the attorney's fees of certain owners; and (6) requiring the payment of certain other damages, if applicable, including business losses."
The potential for EVIL here is awesome.
Jo
Note from Ed - And these folks will say, "It's the Law, it must be right."
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2 comments:
I won't even start on these so called progress ives. I think I have already said it all on my blog. I don't think they are even a one party thing but a final merging of a one party system.
Can Libertarians ever be competitive in our political system. Only if they join in the
crying lifes not fair,and let
the voters know that it's somebody else's fault. That government should be doing something about it.
You've got to be telegenic and be able to tell everybody what they want to hear. Oh, and promise them lots of other people's money.
"Socialism needs two legs on which to stand; a right and a left.
While appearing to be in complete opposition to one another,
they both march in the same direction."
-- Paul Proctor
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