I appreciate the point, but how the heck is this different from any other investment? There's not much guaranteed in this world beyond bonds, and even bond buyers are SOL these days if they happened to buy them from the wrong country.
That's the thing about money; sometimes you get the shaft. It's not unprecedented for governments to make rules that turn out to cost someone a lot of dough. Suppose I buy a tract of land intending to build a shopping mall and six months later it turns out, whoops, there's a wetland there, or a habitat of some woefully endangered species, or something else. If I understand correctly, the government is in its rights to prevent me from developing that land. Or if they decide that my shopping-mall site is the best place for a bypass, and I bid for the site not on the basis of the land value alone but on the basis of that plus what I could do with the land, I'm not confident the government's eminent domain dollars will make me whole.
I'm not saying you're wrong and I'm not saying it's awesome, but in this world I think neither of these things is dispositive.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
momijizukamori
no subject
Date: 2011-12-23 21:49 (UTC)That's the thing about money; sometimes you get the shaft. It's not unprecedented for governments to make rules that turn out to cost someone a lot of dough. Suppose I buy a tract of land intending to build a shopping mall and six months later it turns out, whoops, there's a wetland there, or a habitat of some woefully endangered species, or something else. If I understand correctly, the government is in its rights to prevent me from developing that land. Or if they decide that my shopping-mall site is the best place for a bypass, and I bid for the site not on the basis of the land value alone but on the basis of that plus what I could do with the land, I'm not confident the government's eminent domain dollars will make me whole.
I'm not saying you're wrong and I'm not saying it's awesome, but in this world I think neither of these things is dispositive.