Voluntary Exchange has an interesting look at Kelo and the effect it might have on options.
I admit I’m not a lawyer but I don’t see the gap in his logic. If higher taxes is a justification for the exercise of eminent domain then I don’t see why insisting that people crystalize their capital gains and thus be taxed cannot be so justified.
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An Interesting Take on Kelo
I do see Kelo doing to real estate what it would do to the options market- making them less popular and hence, less profitable.
An Interesting Take on Kelo
I do see Kelo doing to real estate what it would do to the options market- making them less popular and hence, less profitable.
Whither come our private property rights?
Powerline's John Hinderaker is having Second Thoughts on Kelo:Today most significant development projects involve multiple uses and cooperation between public and private entities. While such projects can no doubt be subject to various abuses, …
Whither come our private property rights?
Powerline's John Hinderaker is having Second Thoughts on Kelo:Today most significant development projects involve multiple uses and cooperation between public and private entities. While such projects can no doubt be subject to various abuses, …
Whither come our private property rights?
Powerline's John Hinderaker is having Second Thoughts on Kelo:Today most significant development projects involve multiple uses and cooperation between public and private entities. While such projects can no doubt be subject to various abuses, …
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