Homesteading or ghettos?


The President's plan is ambitious, but it is really just to get the poor people out of the way?

Listening to the President's speech, I liked the sound of "making unused Federal property available."

Federal property doesn't contribute to the tax rolls and essentially becomes a monetary sink hole.

Private property, improved or not, can not only be taxed but provides capital because people can borrow against it.

I'm really not happy with most of Mr. Bush's proposals for reasons I will go into in a later post. But a friend pointed out something that I hadn't thought of. Namely that this could be a way to take all the "undesirables" and lump them into one place where the rest of us don't have to look at them. It is something that the Federal government has done in the past.

The new ads on the East coast for "condos in New Orleans" aren't helping matters much. Although in all fairness, I know at least one group including Donald Trump was working on the development deal long before Katrina hit.

I'd like to see details of Mr. Bush's plans, but I am watching closely.

— NeoWayland

Posted: Fri - September 16, 2005 at 09:18 PM  Tag


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